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[{"key": "dc.contributor.advisor", "value": "Rautiainen, Antti", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Lepp\u00e4nen, Jori", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2020-03-13T10:43:23Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2020-03-13T10:43:23Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2020", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/68151", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "Tutkielmassa tarkasteltiin pohjoismaisten vuosina 2018-2019 Nasdaq Nordic -p\u00f6rssiin tapahtuneiden listautumisten ensimm\u00e4isen kaupank\u00e4yntip\u00e4iv\u00e4n tuottoja, joiden perusteella selvitettiin niiden mahdollista alihinnoittelua. Aineisto muodostui 79 listautumisesta. Alihinnoittelun ilmenemist\u00e4 tutkittiin laskemalla listautumisille ensimm\u00e4isen kaupank\u00e4yntip\u00e4iv\u00e4n markkinakorjatut tuotot. Lis\u00e4ksi tutkittiin valikoitujen muuttujien vaikutusta alihinnoittelun m\u00e4\u00e4r\u00e4\u00e4n usean muuttujan regressioanalyysill\u00e4. Tutkimuksen aineisto ker\u00e4ttiin Nasdaq Nordicilta, listautuneiden yhti\u00f6iden listalleotto- ja yhti\u00f6esitteist\u00e4 sek\u00e4 p\u00f6rssitiedotteista.\nTutkielman teoreettisessa viitekehyksess\u00e4 esitell\u00e4\u00e4n yrityksen listautumisprosessi ja syit\u00e4 listautumiselle. Lis\u00e4ksi esitell\u00e4\u00e4n yleisimmiksi havaittuja yrityksen arvonm\u00e4\u00e4ritysmenetelmi\u00e4 ja niiden k\u00e4ytt\u00f6\u00e4 listautumisten hinnoittelussa. Viitekehys sis\u00e4lt\u00e4\u00e4 my\u00f6s alihinnoittelun syyksi esitettyj\u00e4 teorioita. N\u00e4iden lis\u00e4ksi k\u00e4yd\u00e4\u00e4n l\u00e4pi aiempia tutkimustuloksia alihinnoittelun ilmenemisest\u00e4 eri markkinoilla ja eri ajankohtina, sek\u00e4 sit\u00e4 mahdollisesti selitt\u00e4vist\u00e4 tekij\u00f6ist\u00e4.\nKeskim\u00e4\u00e4r\u00e4inen ensimm\u00e4isen kaupank\u00e4yntip\u00e4iv\u00e4n markkinakorjattu tuotto oli tutkimuksessa 5,52 %. Havainto ei kuitenkaan saavuttanut tilastollista merkitsevyytt\u00e4 0,05 merkitsevyystasolla, mutta sit\u00e4 voidaan pit\u00e4\u00e4 suuntaa antavana. Regressioanalyysiin valituilla muuttujilla ei kyetty selitt\u00e4m\u00e4\u00e4n alihinnoittelun m\u00e4\u00e4r\u00e4\u00e4. Tutkimuksessa havaittu keskim\u00e4\u00e4r\u00e4inen alihinnoittelu oli alhaista moniin aikaisempiin tuloksiin verrattuna. Euroopasta ja Pohjoismaista on kuitenkin saatu my\u00f6s samansuuntaisia tuloksia. Tutkimus tarjoaa lis\u00e4n\u00e4ytt\u00f6\u00e4 siit\u00e4, ett\u00e4 Pohjoismaissa alihinnoittelu on verrattain maltillista. Tulosten yleistett\u00e4vyytt\u00e4 rajoittaa kuitenkin tarkastelun keskittyminen pohjoismaisiin Nasdaq Nordic \u2013p\u00f6rsseihin sek\u00e4 useisiin aiempiin tutkimuksiin verrattuna lyhyt kahden vuoden tarkastelujakso.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Paivi Vuorio (paelvuor@jyu.fi) on 2020-03-13T10:43:23Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2020-03-13T10:43:23Z (GMT). No. of bitstreams: 0\n Previous issue date: 2020", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "69", "language": "", "element": "format", "qualifier": "extent", "schema": "dc"}, {"key": "dc.format.mimetype", "value": "application/pdf", "language": null, "element": "format", "qualifier": "mimetype", "schema": "dc"}, {"key": "dc.language.iso", "value": "fin", "language": null, "element": "language", "qualifier": "iso", "schema": "dc"}, {"key": "dc.rights", "value": "In Copyright", "language": "en", "element": "rights", "qualifier": null, "schema": "dc"}, {"key": "dc.subject.other", "value": "listautumisanti", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "alihinnoittelu", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Pohjoismaisten Nasdaq Nordic -listautumisten alihinnoittelu vuosina 2018-2019", "language": "", "element": "title", "qualifier": null, "schema": "dc"}, {"key": "dc.type", "value": "master thesis", "language": null, "element": "type", "qualifier": null, "schema": "dc"}, {"key": "dc.identifier.urn", "value": "URN:NBN:fi:jyu-202003132398", "language": "", "element": "identifier", "qualifier": "urn", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Pro gradu -tutkielma", "language": "fi", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.type.ontasot", "value": "Master\u2019s thesis", "language": "en", "element": "type", "qualifier": "ontasot", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4 University School of Business and Economics", "language": "en", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.faculty", "value": "Jyv\u00e4skyl\u00e4n yliopiston kauppakorkeakoulu", "language": "fi", "element": "contributor", "qualifier": "faculty", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Taloustieteet", "language": "fi", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.department", "value": "Business and Economics", "language": "en", "element": "contributor", "qualifier": "department", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "Jyv\u00e4skyl\u00e4n yliopisto", "language": "fi", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.contributor.organization", "value": "University of Jyv\u00e4skyl\u00e4", "language": "en", "element": "contributor", "qualifier": "organization", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Laskentatoimi", "language": "fi", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "dc.subject.discipline", "value": "Accounting", "language": "en", "element": "subject", "qualifier": "discipline", "schema": "dc"}, {"key": "yvv.contractresearch.funding", 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null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "hinnoittelu", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "listautuminen", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "p\u00f6rssiyhti\u00f6t", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "tuotto", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "rahoitusmarkkinat", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "p\u00e4\u00e4omamarkkinat", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": 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