caa a22 4500 469053925 CHVBK 20180323132837.0 cr unu---uuuuu 170328e19921001xx s 000 0 eng 10.1007/BF01732893 doi (NATIONALLICENCE)springer-10.1007/BF01732893 The signalling process in initial public offerings [Elektronische Daten] [Francis Koh, Joseph Lim, Neo Chin] This study uses a sample of Singapore IPOs to examine the signalling process at the time of a new issue of shares. The multiple regression analysis results support three testable implications of the Grinblatt and Hwang model. We show that (1) the value of the firm is positively related to the fractional holding of the issuer, (2) the degree of underpricing is an increasing function of the variance, and (3) firm value is positively related to the degree of underpricing. Faculty of Business Administration National University of Singapore, 1992 Koh Francis National University of Singapore, Singapore aut Lim Joseph National University of Singapore, Singapore aut Chin Neo Singapore Government Investment Corporation, Singapore aut Asia Pacific Journal of Management Kluwer Academic Publishers 9/2(1992-10-01), 151-165 0217-4561 9:2<151 1992 9 10490 https://doi.org/10.1007/BF01732893 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1007/BF01732893 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Koh Francis National University of Singapore, Singapore aut NATIONALLICENCE 700 1- Lim Joseph National University of Singapore, Singapore aut NATIONALLICENCE 700 1- Chin Neo Singapore Government Investment Corporation, Singapore aut NATIONALLICENCE 773 0- Asia Pacific Journal of Management Kluwer Academic Publishers 9/2(1992-10-01), 151-165 0217-4561 9:2<151 1992 9 10490 Metadata rights reserved Springer special CC-BY-NC licence nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-springer