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[{"key": "dc.contributor.advisor", "value": "Rautiainen, Antti", "language": "", "element": "contributor", "qualifier": "advisor", "schema": "dc"}, {"key": "dc.contributor.author", "value": "Suhonen, Olli", "language": "", "element": "contributor", "qualifier": "author", "schema": "dc"}, {"key": "dc.date.accessioned", "value": "2021-06-07T06:32:03Z", "language": null, "element": "date", "qualifier": "accessioned", "schema": "dc"}, {"key": "dc.date.available", "value": "2021-06-07T06:32:03Z", "language": null, "element": "date", "qualifier": "available", "schema": "dc"}, {"key": "dc.date.issued", "value": "2021", "language": "", "element": "date", "qualifier": "issued", "schema": "dc"}, {"key": "dc.identifier.uri", "value": "https://jyx.jyu.fi/handle/123456789/76278", "language": null, "element": "identifier", "qualifier": "uri", "schema": "dc"}, {"key": "dc.description.abstract", "value": "Tutkielman tarkoituksena oli saada vastaus kysymyksiin, ovatko suomalaiset listautumisannit alihinnoiteltuja, miten listautumisannit ovat suoriutuneet lyhyell\u00e4 aikav\u00e4lill\u00e4 ja miten listautumisannit ovat suoriutuneet pitk\u00e4ll\u00e4 aikav\u00e4lill\u00e4. Tutkielman kohteena olivat Suomessa tapahtuneet aidosti uudet listautumisannit, joita oli 62 kappaletta vuosina 2006-2020 ja vertailuindeksin\u00e4 k\u00e4ytettiin OMX Helsinki -indeksi\u00e4. Tutkielma toteutettiin kvantitatiivisena eli m\u00e4\u00e4r\u00e4llisen\u00e4 tutkimuksena ja aineisto ker\u00e4ttiin p\u00e4\u00e4osin Thomson Reuters Eikon -palvelusta, listautumisesitteist\u00e4, vuosikertomuksista ja p\u00f6rssitiedotteista. Ep\u00e4normaaleja tuottoja tutkittiin ensimm\u00e4isen kaupank\u00e4yntip\u00e4iv\u00e4n markkinakorjatuilla tuottojen menetelm\u00e4ll\u00e4 (market adjusted initial return, MAIR) ja suhteellisen varallisuuden menetelm\u00e4ll\u00e4 (wealth relatives, WR).\n\nTutkielman teoriaosuus k\u00e4sittelee listautumisprosessia, syit\u00e4 listautua, listautumisannin hinnoittelua ja tehokkaiden markkinoiden hypoteesia. Teoriaosassa k\u00e4sitell\u00e4\u00e4n lis\u00e4ksi aikaisempien tutkimusten tuloksia alihinnoittelusta ja suoriutumisesta sek\u00e4 esitell\u00e4\u00e4n hypoteeseja alihinnoittelulle sek\u00e4 suoriutumiselle lyhyell\u00e4 sek\u00e4 pitk\u00e4ll\u00e4 aikav\u00e4lill\u00e4.\n\nTutkimustulokset indikoivat, ett\u00e4 alihinnoittelua esiintyy yh\u00e4 listautumisantien yhteydess\u00e4. Listautumisannit suoriutuvat lyhyell\u00e4 aikav\u00e4lill\u00e4 positiivisesti, mik\u00e4li ensimm\u00e4inen kaupank\u00e4yntip\u00e4iv\u00e4 huomioidaan. Mik\u00e4li ensimm\u00e4inen kaupank\u00e4yntip\u00e4iv\u00e4 j\u00e4tet\u00e4\u00e4n huomioimatta, 30 p\u00e4iv\u00e4n ja 90 p\u00e4iv\u00e4n osalta havaittiin alituottoa. T\u00e4m\u00e4 poikkeaa aikaisemmasta kirjallisuudesta, mutta tulokset eiv\u00e4t olleet tilastollisesti merkitsevi\u00e4. Pitk\u00e4ll\u00e4 aikav\u00e4lill\u00e4 havaittiin, ett\u00e4 osakkeet suoriutuvat positiivisesti, mik\u00e4 poikkeaa aikaisemmasta kirjallisuudesta. Kolmen vuoden osalta tulokset olivat tilastollisesti melkein merkitsevi\u00e4 sek\u00e4 huomioimalla ett\u00e4 j\u00e4tt\u00e4m\u00e4ll\u00e4 huomioimatta ensimm\u00e4isen kaupank\u00e4yntip\u00e4iv\u00e4n tuotot.", "language": "fi", "element": "description", "qualifier": "abstract", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Submitted by Paivi Vuorio (paelvuor@jyu.fi) on 2021-06-07T06:32:03Z\nNo. of bitstreams: 0", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.description.provenance", "value": "Made available in DSpace on 2021-06-07T06:32:03Z (GMT). No. of bitstreams: 0\n Previous issue date: 2021", "language": "en", "element": "description", "qualifier": "provenance", "schema": "dc"}, {"key": "dc.format.extent", "value": "55", "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": "alihinnoittelu", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "listautumisanti", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.subject.other", "value": "Helsingin p\u00f6rssi", "language": "", "element": "subject", "qualifier": "other", "schema": "dc"}, {"key": "dc.title", "value": "Listautumisantien alihinnoittelu ja lyhyen sek\u00e4 pitk\u00e4n aikav\u00e4lin suoriutuminen Suomessa vuosina 2006-2020", "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-202106073495", "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", "value": "0", "language": "", "element": "contractresearch", "qualifier": "funding", "schema": "yvv"}, {"key": "dc.type.coar", "value": "http://purl.org/coar/resource_type/c_bdcc", "language": null, "element": "type", "qualifier": "coar", "schema": "dc"}, {"key": "dc.rights.accesslevel", "value": "openAccess", "language": null, "element": "rights", "qualifier": "accesslevel", "schema": "dc"}, {"key": "dc.type.publication", "value": "masterThesis", "language": null, "element": "type", "qualifier": "publication", "schema": "dc"}, {"key": "dc.subject.oppiainekoodi", "value": "20421", "language": "", "element": "subject", "qualifier": "oppiainekoodi", "schema": "dc"}, {"key": "dc.subject.yso", "value": "osakkeet", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.subject.yso", "value": "arvopaperimarkkinat", "language": 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": "anomaliat", "language": null, "element": "subject", "qualifier": "yso", "schema": "dc"}, {"key": "dc.format.content", "value": "fulltext", "language": null, "element": "format", "qualifier": "content", "schema": "dc"}, {"key": "dc.rights.url", "value": "https://rightsstatements.org/page/InC/1.0/", "language": null, "element": "rights", "qualifier": "url", "schema": "dc"}, {"key": "dc.type.okm", "value": "G2", "language": null, "element": "type", "qualifier": "okm", "schema": "dc"}]
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