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HOW HAS THE VALUATION OF TECHNOLOGY IPOS CHANGED SINCE THE DOT-COM BUBBLE?
| Title: | HOW HAS THE VALUATION OF TECHNOLOGY IPOS CHANGED SINCE THE DOT-COM BUBBLE?. |
 30 views 19 downloads |
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| Name(s): |
Rush, Andrew, Author Frye, Melissa, Committee Chair Whyte, Ann Marie, Committee Member University of Central Florida, Degree Grantor |
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| Type of Resource: | text | |
| Date Issued: | 2017 | |
| Publisher: | University of Central Florida | |
| Language(s): | English | |
| Abstract/Description: | In my paper, I extended Aggarwal, Bhagat and Rangan's "The Impact of Fundamentals on IPO Valuation". I examine IPO valuations over three time periods: 2002-2006, 2007-2011 and 2012-2016. In these time periods, I analyze the first day returns these firms experience along with testing the significance of four variables on their valuations: Total Assets, Previous Year's Sales, Previous Year's R&D Expense, and Sales-to-Assets Multiple. The results point to a shift in valuation tactics from valuing in line with investors' expectations in the early years to undervaluing them in more recent years. Also, Sales and R&D have statistical significance for firm's valuations over recent years while Total Assets remains constant and the Sales-to-Assets multiple does not have significance. | |
| Identifier: | CFH2000174 (IID), ucf:46018 (fedora) | |
| Note(s): |
2017-05-01 B.S.B.A. College of Business Administration, Finance Bachelors This record was generated from author submitted information. |
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| Persistent Link to This Record: | http://purl.flvc.org/ucf/fd/CFH2000174 | |
| Restrictions on Access: | public | |
| Host Institution: | UCF |
