Download or read book Modelling an Initial Public Offering Using Action Theory written by T. Whitfield and published by GRIN Verlag. This book was released on 2019-10-08 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bachelor Thesis from the year 2019 in the subject Mathematics - Statistics, grade: 79, , language: English, abstract: This paper examines the behaviour of bidders in an initial public offering auction (IPO) when a seller is offering a perfectly divisible share to potential buyers. Due to the massive effect and news coverage IPOs have on the modern day economy, this paper aims to unearth some of the mystery behind such auctions. It focuses mostly on the behaviour of bidders in a complete and incomplete information setting, where a bidder's incentives change given their information and competition. Using the theoretical framework of the paper, I then apply the findings to the real world and comment on the realism of the models. Lastly, I recommend possible extensions to the models in order to bring a new dimension to the analysis. An initial public offering is a major stepping stone for any company as it evolves from a private to a publicly traded company. The process of going public is a complicated procedure, so they often solicit the help from an investment bank to help price the stock as well as find suitable investment. The purpose of an IPO is to help the selling company gather capital in order to expand operations. They do this by offering equity to potential investors in the form of a share which can be traded publicly via the necessary stock market. There are currently sixteen stock exchanges around world with a market capitalization of over $1 trillion each, the biggest being the New York Stock Exchange which has a market capitalization of over $28.5 trillion which is larger than the US gross domestic product for 2018. This paper hopes to shine some light on the process of taking a company public by unearthing a bidder's behaviour and incentives under a range of different situations. Applying auction theory to an initial public offering is relatively unexplored in economic journals, so this paper aims to extend work already presented in the literature and give insightful explanations to problems which have presented themselves to sellers and buyers. These problems include but are not limited to the peculiar situation in which it is common that the stock price at the end of the first day of trading for a newly publicised company is higher than its offering price. However, according to UBS, around 60% of IPOs provide investors with negative returns in their first five years, suggesting an extraordinary hype in first day trading compared to a more rational long term view.
Download or read book Going Public written by Tim Jenkinson and published by Oxford University Press, USA. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Going Public investigates why companies routinely underprice themselves as they try to list themselves on the stock exchange. They subsequently underperform over the long-term and, in Going Public, the authors explore these 2 phenomena in plain English.
Download or read book Game Theory and Business Applications written by Kalyan Chatterjee and published by Springer Science & Business Media. This book was released on 2013-06-26 with total page 407 pages. Available in PDF, EPUB and Kindle. Book excerpt: Game theory has been applied to a growing list of practical problems, from antitrust analysis to monetary policy; from the design of auction institutions to the structuring of incentives within firms; from patent races to dispute resolution. The purpose of Game Theory and Business Applications is to show how game theory can be used to model and analyze business decisions. The contents of this revised edition contain a wide variety of business functions – from accounting to operations, from marketing to strategy to organizational design. In addition, specific application areas include market competition, law and economics, bargaining and dispute resolution, and competitive bidding. All of these applications involve competitive decision settings, specifically situations where a number of economic agents in pursuit of their own self-interests and in accordance with the institutional “rules of the game” take actions that together affect all of their fortunes. As this volume demonstrates, game theory provides a compelling guide for analyzing business decisions and strategies.
Download or read book Encyclopedia of Alternative Investments written by Greg N. Gregoriou and published by CRC Press. This book was released on 2008-08-18 with total page 590 pages. Available in PDF, EPUB and Kindle. Book excerpt: A pioneering reference essential in any financial library, the Encyclopedia of Alternative Investments is the most authoritative source on alternative investments for students, researchers, and practitioners in this area. Containing 545 entries, the encyclopedia focuses on hedge funds, managed futures, commodities, and venture capital. It features
Download or read book From Poverty to Corporate Executive written by Jesse L. Calloway PhD and published by Xlibris Corporation. This book was released on 2018-04-17 with total page 231 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the architect of a corporate leadership development program, he has paved the way for many aspiring and emerging leaders to accelerate their growth and development. He has incorporated that same strategic and visionary thinking into the design and delivery of all offered products and services including published books, seminars, confidential career advisement and speaking engagements. Rising from blue-collar worker to corporate executive, Dr. Calloway fully understands and openly shares what it takes to get to the next level. Book Review: How is leadership manifested? In this memoir and motivational book, Dr. Calloway outlines a program for aspiring leaders that answers this question. For those looking to improve and develop skills and step up the leadership ladder the strength of this book supports the notion that regardless of the circumstances of early life, in Dr. Calloways case poverty, anyone with the right drive and commitment can rise above difficulties and be all that they can be. I highly recommend this book to anyone and everyone! ~ Pacific Book Review From Poverty to Corporate Executive is an outstanding book that combines real life experience with classical, business, and technical theories. This book is synonymous with a great motivation story which inspires the reader it is clear that family, friends and the entire community are great sources of support in achieving ones purpose in life. [This book] was written for people in learning institutions and the working class. The book addresses why the mind behaves in a particular way during hard times and how one should utilize his or her brain to make a difference in future. The books main point is for one to take charge of life, finding people and opportunities that support their talents and dreams. ~Hollywood Book Reviews The wise counsel offered by Jesse Calloway throughout [this book] should provide a solid platform for achieving success and becoming a leader. The first section of his book is autobiographical and candidly shares memories from his precarious childhood, including living in poverty with five siblings, the death of a parent, and a home life under the care of an aunt and uncle who had six children of their own. Rather than overwhelming or defeating Calloway, however, these challenges steeled him One of the most useful chapters, Lessons Learned and Lessons Shared, is a potpourri of topics, including mentors, bosses, peers, customers, collaboration, feedback, first impressions, second chances, and telling the truth [it] reads very much as if Calloway is providing one-on-one coaching to the reader. ~Foreword Clarion
Download or read book Asymmetric Information relating to Initial Public Offering Underpricing written by Fotini Mastroianni and published by GRIN Verlag. This book was released on 2017-05-03 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Essay from the year 2012 in the subject Economics - Finance, , language: English, abstract: The main reason why companies decide to proceed with IPO is mainly to gain access to new funding. The proceeds from the share issue itself are not necessarily intended for direct expansion. The prospects for growth from acquisitions, the funds available for organizational expansion and refinancing of current borrowings have shown, among other things, to be the main motives that newly listed companies consider as very important. The general initial public offering procedure enhances the image and publicity of enterprises and gets not only an initial certification of the professionals in the financial markets but also a long-term price bidding (price signal) to suppliers, workforce and customers. According to Roell (1996), a robust equity value in the subsequent acquisition (during the trading of securities after their initial bid for public offering) reassures suppliers that they can safely grant trade credit, employees are convinced that they can expect a fairly stable job, and customers think that the products of the company will be supported as a result of their purchase (in the aftermath of their purchase).
Download or read book Initial Public Offerings in the UK USA and Japan written by T. J. Jenkinson and published by . This book was released on 1990 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theoretical World of Entrepreneurship written by Fiet, James O. and published by Edward Elgar Publishing. This book was released on 2022-03-08 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theoretical World of Entrepreneurship contains the first and most comprehensive examination of more than 250 theories applicable to the study of entrepreneurship. It includes a theoretical examination of current social and economic controversies that impact entrepreneurs. Following in Weber's tradition, it also compares the doctrines of 16 Christian denominations and nine world religions which offer different conceptual windows for understanding entrepreneurs.
Download or read book Partial Differential Equations in Action written by Sandro Salsa and published by Springer. This book was released on 2015-04-24 with total page 714 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book is intended as an advanced undergraduate or first-year graduate course for students from various disciplines, including applied mathematics, physics and engineering. It has evolved from courses offered on partial differential equations (PDEs) over the last several years at the Politecnico di Milano. These courses had a twofold purpose: on the one hand, to teach students to appreciate the interplay between theory and modeling in problems arising in the applied sciences, and on the other to provide them with a solid theoretical background in numerical methods, such as finite elements. Accordingly, this textbook is divided into two parts. The first part, chapters 2 to 5, is more elementary in nature and focuses on developing and studying basic problems from the macro-areas of diffusion, propagation and transport, waves and vibrations. In turn the second part, chapters 6 to 11, concentrates on the development of Hilbert spaces methods for the variational formulation and the analysis of (mainly) linear boundary and initial-boundary value problems.
Download or read book Financial Modeling for Decision Making written by Ron Messer and published by Emerald Group Publishing. This book was released on 2020-09-01 with total page 234 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides accounting students in post-secondary institutions with an advanced level understanding of how to use MS-Excel to make business decisions. It reflects real-life applications of this important analytical tool, which has become the accepted industry standard for spreadsheet software.
Download or read book Initial Public Offerings written by Michelle Lowry and published by . This book was released on 2017 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The purpose of this monograph is to provide an overview of the IPO literature since 2000. The fewer numbers of companies going public in recent years has raised many questions regarding the IPO process, in both academic and regulatory circles. As we all strive to understand these changes in the market, it is especially important to understand the dynamics underlying the IPO process. If the process of going public is too costly or the IPO mechanism is plagued by too many conflicts of interest among the various intermediaries, then private companies may rationally choose other methods of raising capital. In a related vein, it is imperative that new regulations not be based on research focusing solely on large, more mature firms. Newly public firms have unique characteristics, and an increased understanding of such issues will contribute positively to well-functioning public markets and further growth of the entrepreneurial sector. We also provide a detailed guide to researchers on how to obtain a research-quality sample of IPOs, from standard data sources. Related to this, we tabulate important corrections to these standard data sources.
Download or read book International Encyclopedia of Organization Studies written by Stewart Clegg and published by SAGE. This book was released on 2008 with total page 2009 pages. Available in PDF, EPUB and Kindle. Book excerpt: Describing the field, spanning individual, organisation societal and cultural perspectives in a cross-disciplinary manner, this is the premier reference tool for students lecturers, academics and practitioners to gather knowledge about a range of important topics from the perspective of organisation studies.
Download or read book Theory at a Glance A Guide for Health Promotion Practice Second Edition written by U.S. Department of Health and Human Services and published by Lulu.com. This book was released on 2018-11-22 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Theory at a Glance: A Guide for Health Promotion Practice (Second Edition) describes influential theories of health-related behaviors, processes of shaping behavior, and the effects of community and environmental factors on behavior. It complements existing resources that offer tools, techniques, and model programs for practice. Theory at a Glance makes health behavior theory accessible and provides tools to solve problems and assess the effectiveness of health promotion programs. For nearly a decade, public health and health care practitioners have consulted the original version of Theory at a Glance for guidance on using theories about human behavior to inform program planning, implementation, and evaluation. Theory at a Glance can be used as a stand-alone handbook, as part of in-house staff development programs, or in conjunction with theory texts and continuing education workshops.
Download or read book Emerging Theories of Human Communication written by Branislav Kovacic and published by SUNY Press. This book was released on 1997-01-01 with total page 240 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes the important and promising emerging theories of human communication that go beyond received traditions. It includes essays on emerging theories of communication and culture; relational communicative competence; conflict communication; communication and peace; agenda setting and the role of mass media in democratic political processes; new rhetoric and new social movements; and communication and management of public-sector competitiveness. Contributors to this volume include Deborah Blood, Dudley D. Cahn, Donal Carbaugh, Ron B. Cullen, Donald P. Cushman, William A. Donohue, Timothy Gibson, Gerard A. Hauser, Trudy Milburn, Hiroshi Ota, Jiro Takai, Susan Whalen, John M. Wiemann, Mary O. Weimann, and Jian H. Zhu.
Download or read book The SAGE Handbook of Management Learning Education and Development written by Steven J Armstrong and published by SAGE. This book was released on 2009-05-07 with total page 601 pages. Available in PDF, EPUB and Kindle. Book excerpt: The scholarship of management teaching and learning has established itself as a field in its own right and this benchmark handbook is the first to provide an account of the discipline. Original chapters from leading international academics identify the key issues and map out where the discipline is going. Each chapter provides a comprehensive and critical overview of the given topic area, highlights current debates and reviews the emerging research agenda. Chapters embrace the study of organizations as a whole, the concepts of individual and collective learning, the delivery of formal management education and the facilitation of management development. Through consideration of these themes the Handbook analyzes, promotes and critiques the contribution of management learning, education and development to management understanding. It will be an invaluable point of reference for all students and researchers interested in broadening their understanding of this exciting and dynamic new field.
Download or read book At the Crossroads Lessons and Challenges in Computational Social Science written by Javier Borge-Holthoefer and published by Frontiers Media SA. This book was released on 2016-11-29 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: The interest of physicists in economic and social questions is not new: for over four decades, we have witnessed the emergence of what is called nowadays “sociophysics” and “econophysics”, vigorous and challenging areas within the wider “Interdisciplinary Physics”. With tools borrowed from Statistical Physics and Complexity, this new area of study have already made important contributions, which in turn have fostered the development of novel theoretical foundations in Social Science and Economics, via mathematical approaches, agent-based modelling and numerical simulations. From these foundations, Computational Social Science has grown to incorporate as well the empirical component --aided by the recent data deluge from the Web 2.0 and 3.0--, closing in this way the experiment-theory cycle in the best tradition of Physics.
Download or read book Venture Capital Operations and Their Potential Role in LDC Markets written by Silvia B. Sagari and published by World Bank Publications. This book was released on 1991 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Venture capital may play an important role in supporting entrepreneurial development and small business growth. But institutional arrangements and instruments must be carefully chosen, taking into account the lessons from countries where venture capital has been a reality now for a few years. The Bank's role should be largely to disseminate these lessons.
