WEKO3
アイテム
{"_buckets": {"deposit": "968fd120-ce13-44e6-949f-dc1eee2bd382"}, "_deposit": {"created_by": 2, "id": "4682", "owners": [2], "pid": {"revision_id": 0, "type": "depid", "value": "4682"}, "status": "published"}, "_oai": {"id": "oai:nagasaki-u.repo.nii.ac.jp:00004682", "sets": ["215"]}, "author_link": ["18880", "18881"], "item_2_biblio_info_6": {"attribute_name": "書誌情報", "attribute_value_mlt": [{"bibliographicIssueDates": {"bibliographicIssueDate": "2015-10", "bibliographicIssueDateType": "Issued"}, "bibliographicPageEnd": "519", "bibliographicPageStart": "505", "bibliographicVolumeNumber": "59", "bibliographic_titles": [{"bibliographic_title": "Journal of Banking \u0026 Finance"}]}]}, "item_2_description_4": {"attribute_name": "抄録", "attribute_value_mlt": [{"subitem_description": "We investigate the impact of relaxing listing requirements on firms\u0027 growth around initial public offerings (IPOs). Japan experienced several deregulations of listing requirements in the late 1990s. We use a dataset that covers both public and private firms for more than 30. years, which enables us to compare the firms\u0027 operating growth around IPOs as well as to compare the growth under both strict and relaxed listing requirements. When comparing the matched firms, we find that IPO firms\u0027 excess growth in profitability and productivity diminished after their IPOs, while their excess growth in terms of size (measured by sales and number of employees) still increased in the post-IPO period. This finding indicates that relaxing listing requirements enables high-growth firms to go public but does not lead to subsequent growth in productivity and profitability, although it does enable firms to be larger more after going public.", "subitem_description_type": "Abstract"}]}, "item_2_description_63": {"attribute_name": "引用", "attribute_value_mlt": [{"subitem_description": "Journal of Banking \u0026 Finance, 59, pp.505-519; 2015", "subitem_description_type": "Other"}]}, "item_2_publisher_33": {"attribute_name": "出版者", "attribute_value_mlt": [{"subitem_publisher": "Elsevier"}]}, "item_2_relation_12": {"attribute_name": "DOI", "attribute_value_mlt": [{"subitem_relation_type": "isVersionOf", "subitem_relation_type_id": {"subitem_relation_type_id_text": "10.1016/j.jbankfin.2015.04.029", "subitem_relation_type_select": "DOI"}}]}, "item_2_rights_13": {"attribute_name": "権利", "attribute_value_mlt": [{"subitem_rights": "c 2015 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/"}]}, "item_2_source_id_7": {"attribute_name": "ISSN", "attribute_value_mlt": [{"subitem_source_identifier": "03784266", "subitem_source_identifier_type": "ISSN"}]}, "item_2_version_type_16": {"attribute_name": "著者版フラグ", "attribute_value_mlt": [{"subitem_version_resource": "http://purl.org/coar/version/c_ab4af688f83e57aa", "subitem_version_type": "AM"}]}, "item_creator": {"attribute_name": "著者", "attribute_type": "creator", "attribute_value_mlt": [{"creatorNames": [{"creatorName": "Takahashi, Hidenori"}], "nameIdentifiers": [{"nameIdentifier": "18880", "nameIdentifierScheme": "WEKO"}]}, {"creatorNames": [{"creatorName": "Yamada, Kazuo"}], "nameIdentifiers": [{"nameIdentifier": "18881", "nameIdentifierScheme": "WEKO"}]}]}, "item_files": {"attribute_name": "ファイル情報", "attribute_type": "file", "attribute_value_mlt": [{"accessrole": "open_date", "date": [{"dateType": "Available", "dateValue": "2020-12-21"}], "displaytype": "detail", "download_preview_message": "", "file_order": 0, "filename": "JBF59_505.pdf", "filesize": [{"value": "409.1 kB"}], "format": "application/pdf", "future_date_message": "", "is_thumbnail": false, "licensetype": "license_free", "mimetype": "application/pdf", "size": 409100.0, "url": {"label": "JBF59_505.pdf", "url": "https://nagasaki-u.repo.nii.ac.jp/record/4682/files/JBF59_505.pdf"}, "version_id": "4a377797-c84d-4828-8292-f03a7c6056e3"}]}, "item_keyword": {"attribute_name": "キーワード", "attribute_value_mlt": [{"subitem_subject": "Deregulation", "subitem_subject_scheme": "Other"}, {"subitem_subject": "Firm growth", "subitem_subject_scheme": "Other"}]}, "item_language": {"attribute_name": "言語", "attribute_value_mlt": [{"subitem_language": "eng"}]}, "item_resource_type": {"attribute_name": "資源タイプ", "attribute_value_mlt": [{"resourcetype": "journal article", "resourceuri": "http://purl.org/coar/resource_type/c_6501"}]}, "item_title": "IPOs, growth, and the impact of relaxing listing requirements", "item_titles": {"attribute_name": "タイトル", "attribute_value_mlt": [{"subitem_title": "IPOs, growth, and the impact of relaxing listing requirements"}]}, "item_type_id": "2", "owner": "2", "path": ["215"], "permalink_uri": "http://hdl.handle.net/10069/35822", "pubdate": {"attribute_name": "公開日", "attribute_value": "2018-11-01"}, "publish_date": "2018-11-01", "publish_status": "0", "recid": "4682", "relation": {}, "relation_version_is_last": true, "title": ["IPOs, growth, and the impact of relaxing listing requirements"], "weko_shared_id": -1}
IPOs, growth, and the impact of relaxing listing requirements
http://hdl.handle.net/10069/35822
http://hdl.handle.net/10069/35822073b7cb4-1eed-4788-bfa1-ce9203757159
名前 / ファイル | ライセンス | アクション |
---|---|---|
JBF59_505.pdf (409.1 kB)
|
|
Item type | 学術雑誌論文 / Journal Article(1) | |||||
---|---|---|---|---|---|---|
公開日 | 2018-11-01 | |||||
タイトル | ||||||
タイトル | IPOs, growth, and the impact of relaxing listing requirements | |||||
言語 | ||||||
言語 | eng | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Deregulation | |||||
キーワード | ||||||
主題Scheme | Other | |||||
主題 | Firm growth | |||||
資源タイプ | ||||||
資源タイプ識別子 | http://purl.org/coar/resource_type/c_6501 | |||||
資源タイプ | journal article | |||||
著者 |
Takahashi, Hidenori
× Takahashi, Hidenori× Yamada, Kazuo |
|||||
抄録 | ||||||
内容記述タイプ | Abstract | |||||
内容記述 | We investigate the impact of relaxing listing requirements on firms' growth around initial public offerings (IPOs). Japan experienced several deregulations of listing requirements in the late 1990s. We use a dataset that covers both public and private firms for more than 30. years, which enables us to compare the firms' operating growth around IPOs as well as to compare the growth under both strict and relaxed listing requirements. When comparing the matched firms, we find that IPO firms' excess growth in profitability and productivity diminished after their IPOs, while their excess growth in terms of size (measured by sales and number of employees) still increased in the post-IPO period. This finding indicates that relaxing listing requirements enables high-growth firms to go public but does not lead to subsequent growth in productivity and profitability, although it does enable firms to be larger more after going public. | |||||
書誌情報 |
Journal of Banking & Finance 巻 59, p. 505-519, 発行日 2015-10 |
|||||
出版者 | ||||||
出版者 | Elsevier | |||||
ISSN | ||||||
収録物識別子タイプ | ISSN | |||||
収録物識別子 | 03784266 | |||||
DOI | ||||||
関連タイプ | isVersionOf | |||||
識別子タイプ | DOI | |||||
関連識別子 | 10.1016/j.jbankfin.2015.04.029 | |||||
権利 | ||||||
権利情報 | c 2015 Elsevier B.V. This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/ | |||||
著者版フラグ | ||||||
出版タイプ | AM | |||||
出版タイプResource | http://purl.org/coar/version/c_ab4af688f83e57aa | |||||
引用 | ||||||
内容記述タイプ | Other | |||||
内容記述 | Journal of Banking & Finance, 59, pp.505-519; 2015 |