Please use this identifier to cite or link to this item: https://scholarbank.nus.edu.sg/handle/10635/221817
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dc.titleREAL ESTATE OWNERSHIP AND ITS IMPACT ON THE UNDERPRICING OF INITIAL PUBLIC OFFERINGS IN SINGAPORE
dc.contributor.authorTOH SHAOWEI
dc.date.accessioned2010-06-07T03:40:59Z
dc.date.accessioned2022-04-22T17:49:15Z
dc.date.available2019-09-26T14:14:02Z
dc.date.available2022-04-22T17:49:15Z
dc.date.issued2010-06-07T03:40:59Z
dc.identifier.citationTOH SHAOWEI (2010-06-07T03:40:59Z). REAL ESTATE OWNERSHIP AND ITS IMPACT ON THE UNDERPRICING OF INITIAL PUBLIC OFFERINGS IN SINGAPORE. ScholarBank@NUS Repository.
dc.identifier.urihttps://scholarbank.nus.edu.sg/handle/10635/221817
dc.description.abstractThis academic exercise seeks to cast new light on the underpricing phenomenon in the context of the corporate real estate ownership. Testing a sample of 364 firms that went public on the Singapore Stock Exchange during the period of 2001 to 2008, we find that there is a significant and positive relationship between underpricing and firms that hold corporate real estate on their balance sheets. In addition, our analysis does not provide sufficient evidence to accept the hypothesis that there is a consistent linear relationship between IPO underpricing and specific corporate real estate type, although we do observe positive and significant coefficient estimates for Office, Industrial and Mixed types of properties. We also find a negative relationship between the debt ratio and corporate real estate ratio of the IPO firms in our sample. Lastly, we test for and do not reject the hypothesis that there is a positive relationship between underpricing and real estate which is pledged as secured collateral.
dc.language.isoen
dc.sourcehttps://lib.sde.nus.edu.sg/dspace/handle/sde/1234
dc.subjectReal Estate
dc.subjectMaster (Real Estate)
dc.subject2009/2010 RE
dc.typeDissertation
dc.contributor.departmentREAL ESTATE
dc.description.degreeMaster's
dc.description.degreeconferredMASTER OF SCIENCE (REAL ESTATE)
Appears in Collections:Master's Theses (Restricted)

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