Private placement is the sale of securities to a limited number of qualified institutions or high-wealth investors. Although private placement is favorable for firms raising capital, it is relatively easy for managers to exploit it to benefit specific investors. Using a sample of Taiwanese...

Concerns about the negative consequences of the excessive underpricing of the current arrangement in the initial public offering (IPO) market for the provision of entrepreneurial finance-book building-have led to research into the viability of auctions for IPO pricing and allocation. IPO firms...

Mit Hilfe verschiedener statistischer Verfahren zeigt sich, daß die Wachstumserwartungen der Börsenteilnehmer den Anstieg der Börsenkurse im wesentlichen beeinflußt haben. Auch die Einkommenserhöhungen trugen zum Höhenflug der Börsenkurse bei. (DÜI-Seu)