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Fundamental Analysis and the Valuation of IPOs in the Construction Industry

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  • Ghicas, Dimitrios C.
  • Iriotis, Nikolaos
  • Papadaki, Aphroditi
  • Walker, Martin

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  • Ghicas, Dimitrios C. & Iriotis, Nikolaos & Papadaki, Aphroditi & Walker, Martin, 2000. "Fundamental Analysis and the Valuation of IPOs in the Construction Industry," The International Journal of Accounting, Elsevier, vol. 35(2), pages 227-241, July.
    • Handle: RePEc:eee:accoun:v:35:y:2000:i:2:p:227-241
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    References listed on IDEAS

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    1. Jones, Jj, 1991. "Earnings Management During Import Relief Investigations," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 29(2), pages 193-228.
    2. Alford, Aw, 1992. "The Effect Of The Set Of Comparable Firms On The Accuracy Of The Price Earnings Valuation Method," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 30(1), pages 94-108.
    3. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    4. Barth, Mary E. & Beaver, William H. & Landsman, Wayne R., 1998. "Relative valuation roles of equity book value and net income as a function of financial health," Journal of Accounting and Economics, Elsevier, vol. 25(1), pages 1-34, February.
    5. Abarbanell, JS & Bushee, BJ, 1997. "Fundamental analysis, future earnings, and stock prices," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 35(1), pages 1-24.
    6. Lev, Baruch & Sougiannis, Theodore, 1996. "The capitalization, amortization, and value-relevance of R&D," Journal of Accounting and Economics, Elsevier, vol. 21(1), pages 107-138, February.
    7. Kim, Moonchul & Ritter, Jay R., 1999. "Valuing IPOs," Journal of Financial Economics, Elsevier, vol. 53(3), pages 409-437, September.
    8. Fama, Eugene F & French, Kenneth R, 1992. "The Cross-Section of Expected Stock Returns," Journal of Finance, American Finance Association, vol. 47(2), pages 427-465, June.
    9. Easton, Pd & Harris, Ts, 1991. "Earnings As An Explanatory Variable For Returns," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 29(1), pages 19-36.
    10. Beatty, Randolph P. & Ritter, Jay R., 1986. "Investment banking, reputation, and the underpricing of initial public offerings," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 213-232.
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    Cited by:

    1. Sandra Cohen & Afroditi Papadaki & Georgia Siougle, 2007. "SEOs in a 'Hot Market': evidence of timing," Applied Financial Economics, Taylor & Francis Journals, vol. 17(14), pages 1179-1190.
    2. Harsimran Sandhu & Kousik Guhathakurta, 2020. "Effects of IPO Offer Price Ranges on Initial Subscription, Initial Turnover and Ownership Structure—Evidence from Indian IPO Market," JRFM, MDPI, vol. 13(11), pages 1-19, November.
    3. Siougle, Georgia, 2007. "Accounting information and the valuation of Seasoned Equity Offerings (SEOs)," The International Journal of Accounting, Elsevier, vol. 42(4), pages 380-395, December.
    4. Dimitrios C. Ghicas & Afroditi Papadaki & Georgia Siougle & Theodore Sougiannis, 2008. "The relevance of quantifiable audit qualifications in the valuation of IPOs," Review of Accounting Studies, Springer, vol. 13(4), pages 512-550, December.

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