Volume-4 ~ Issue-4
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | An Empirical Investigation of Short runs IPO underpricing: Evidence from Dhaka Stock Exchange |
| Country | : | Bangladesh |
| Authors | : | Rakibul Islam |
| : | 10.9790/5933-0440111 ![]() |
Abstract: This paper investigates empirical existence of theories of IPO underpricing in Bangladesh. The study based on IPO listed at Dhaka Stock Exchange (DSE) from 2003 to 2013 analyses Level of IPO underpricing and its determinants. OLS regression is used to distinguish the relationship between various independent variables with dependent variable-level of underpricing. The result reveals that market capitalization, underwriter's reputation, oversubscription rate, offer size, float, ownership retention and method of issue have significant effect on the level of IPO underpricing, whereas size of the firm and offer timing has very little explanatory power. The significant effect of these variables identifies the presence of signaling theory, agency theory, winners curse theory, anchoring theory and impresario hypothesis in IPO pricing where signaling theory is most prominent one in deciding IPO underpricing in Bangladesh. Keywords: Initial public offering, Underpricing, and Dhaka Stock Exchange
[2]. Aggarwal, Reena. (2003), ―Allocation of initial public offerings and flipping activity‖, Journal of Financial Economics , Vol 68 no 1 pp111-135 .
[3]. Aggarwal, Reena; Rivoli, Pietra. (1990), ―Fads in the initial public offering market?‖ Financial Management, Winter 90, Vol. 19 Issue 4, pp 45-47.
[4]. Allen, Franklin, and Gerald R. Faulhaber, (1989). ―Signaling by Underpricing in the IPO Market‖, Journal of Financial Economics, vol 23, pp 303-323.
[5]. Balwinder Singh and PK Mittal, (2003), ―Underpricing of IPOs: Indian Experience‖, The ICFAI Journal of Applied Finance, 9(2), p.29.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Forestry and pork's industry: Sustainable development in southern Brazil |
| Country | : | Brazil |
| Authors | : | Luiz Panhoca, Luis Lopes Diniz Filho |
| : | 10.9790/5933-0441222 ![]() |
Abstract: This paper proposes to study the alternatives for the rural population of the southern Brazil, in these beginning of the XXI century. When forestry is implemented we can observe the degradation of quality of life indicators (health, education and income). The multi activity of the small producer is replaced for the so called culture of abandonment. The issues addressed in this study are (i) is forestry an activity that leads to the impoverishment of the region? (ii) will the southern Brazil be "reached" by forestry? (iii) do the traditional pork´s economic activity will be displacement by the forestry industry? To answer these questions the hypotheses formulated are (i) there is an inverse relationship between the HDI and forestry and pork´s activities, (ii) There is a direct relationship between pork´s activity and forestry, and (iii) forestry is replacing the traditional economic activity. Data analysis showed is not possible to study the production in an aggregated manner.
Keywords: Economic activity, alternatives to forestry, smallholders.
- Citation
- Abstract
- Reference
- Full PDF
| Paper Type | : | Research Paper |
| Title | : | Impact of Iron Ore Mining on Human Health in Keonjhar District of Odisha |
| Country | : | India |
| Authors | : | Priyambada Pradhan, Dr Sudhakar Patra |
| : | 10.9790/5933-0442326 ![]() |
Abstract: The objective of this paper is to analyse the health status of mining people in keonjhar district of Odisha. The study is based on primary data collected from mines worker in Banspal block of Keonjhar district of Odisha, India. Mines have some positive impact, such as employment opportunity and infrastructural development but their impact on health is negative , which can occur through both environmental and occupational health channels. The people closureto the mine is associated with higher incidence of waterborne diseases, typhoid and fever – most likely associated with changes in water quality and distribution, whereas employment in the mines is clearly associated with acute respiratory infections as might be expected from working in dusty conditions with no protection. Thus, a compensation mechanism should be designed in order to achieve a sustainable development in Odisha.
Key Words: Disease, Iron ore,Health Impact, Mining, Typhoid
[2]. C. Arden Pope, Douglas W. Dockery, 2006, Health Effects of Fine Particulate Air Pollution: Lines that Connect, Vol-56 June 2006.
[3]. Ghose, M. K. and Majee, S. R. 2000. Assessment of the impact on the air environment due to
[4]. opencast coal mining: an Indian case study. Atmospheric Environment. 34, 2791-2796.
[5]. Isaac Agyemang, 2010, Population dynamics and health hazards of small-scale mining activity in the Bolgatanga and Talensi-Nabdam districts of the upper east region of Ghana, Vol. 3 No. 10 Oct 2010.
