Full metadata record
DC Field | Value | Language |
---|---|---|
dc.contributor.author | 김누리 | - |
dc.date.accessioned | 2018-02-09T04:39:36Z | - |
dc.date.available | 2018-02-09T04:39:36Z | - |
dc.date.issued | 2015-06 | - |
dc.identifier.citation | EMERGING MARKETS FINANCE AND TRADE, v. 51, Page. 66-84 | en_US |
dc.identifier.issn | 1540-496X | - |
dc.identifier.issn | 1558-0938 | - |
dc.identifier.uri | http://www.tandfonline.com/doi/abs/10.1080/1540496X.2015.1039902 | - |
dc.identifier.uri | http://hdl.handle.net/20.500.11754/36375 | - |
dc.description.abstract | We examine the effects of insiders' ownership type and their pre-IPO ownership changes as well as levels on IPO pricing and insiders' share-selling behaviors in the Korean IPO market. We find that insiders' direct ownership level is positively associated with underpricing. We also find that when insiders increase their direct ownership in pre-IPO periods, the probability of insiders' selling shares after lockup expirations and the amount sold both increase. However, these results do not hold when insiders hold indirect ownership, implying that the role of insiders' ownership in IPO is limited to the case of direct ownership in the Korean market. | en_US |
dc.description.sponsorship | Joonghyuk Kim acknowledges the research support from Korea University Business School and Asian Institute of Corporate Governance at Korea University. | en_US |
dc.language.iso | en_US | en_US |
dc.publisher | ROUTLEDGE JOURNALS, TAYLOR & FRANCIS LTD | en_US |
dc.subject | insider selling | en_US |
dc.subject | IPOs | en_US |
dc.subject | ownership | en_US |
dc.subject | strategic behavior | en_US |
dc.subject | SECURITIES | en_US |
dc.subject | LOCKUP | en_US |
dc.subject | FIRM | en_US |
dc.title | Insiders' Pre-IPO Ownership, Underpricing, and Share-Selling Behavior: Evidence from Korean IPOs | en_US |
dc.type | Article | en_US |
dc.relation.no | Special SI | - |
dc.relation.volume | 51 | - |
dc.identifier.doi | 10.1080/1540496X.2015.1039902 | - |
dc.relation.page | 66-84 | - |
dc.relation.journal | EMERGING MARKETS FINANCE AND TRADE | - |
dc.contributor.googleauthor | Kang, Sang Koo | - |
dc.contributor.googleauthor | Kang, Hyung Cheol | - |
dc.contributor.googleauthor | Kim, Joonghyuk | - |
dc.contributor.googleauthor | Kim, Noolee | - |
dc.relation.code | 2015014311 | - |
dc.sector.campus | E | - |
dc.sector.daehak | COLLEGE OF BUSINESS AND ECONOMICS[E] | - |
dc.sector.department | DIVISION OF BUSINESS ADMINISTRATION | - |
dc.identifier.pid | nooleekim | - |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.