DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Han, Seung Hun | - |
dc.contributor.advisor | 한승헌 | - |
dc.contributor.author | Eum, Dae-Jin | - |
dc.date.accessioned | 2019-08-28T02:45:21Z | - |
dc.date.available | 2019-08-28T02:45:21Z | - |
dc.date.issued | 2019 | - |
dc.identifier.uri | http://library.kaist.ac.kr/search/detail/view.do?bibCtrlNo=843073&flag=dissertation | en_US |
dc.identifier.uri | http://hdl.handle.net/10203/265977 | - |
dc.description | 학위논문(석사) - 한국과학기술원 : 기술경영학부, 2019.2,[iii, 29 p. :] | - |
dc.description.abstract | This study investigates the influence of listed firms’ initial credit ratings on the stock market and firms’ value. A firm’s ability to finance itself through the public capital market is a critical landmark in its growth process. However, empirical studies on initial credit ratings are rare compared to those on initial public offerings. In particular, the threshold for a firm to be listed has been lowered because of the introduction of a scheme to give special privileges to firms with technical expertise and the opening of the Korea New Exchange (KONEX) market. However, a firm’s listing no longer conveys its sustainability and financial soundness. This study verifies the effect of initial credit ratings on corporate value—which has been unclear to date—through an empirical analysis of listed companies. The study has meaningful implications, as it demonstrates the role of credit ratings in addressing the limitations of the revised listing system. | - |
dc.language | eng | - |
dc.publisher | 한국과학기술원 | - |
dc.subject | Credit rating▼afirm value▼aagency problem▼asecond fund raising▼abankruptcy | - |
dc.subject | 신용평정▼a기업가치▼a대리인비용▼a2차 자금조달▼a부도 | - |
dc.title | Initial credit ratings and firm value | - |
dc.title.alternative | 최초 신용 등급과 기업가치에 관한 연구 : 한국 IPO 기업을 중심으로 | - |
dc.type | Thesis(Master) | - |
dc.identifier.CNRN | 325007 | - |
dc.description.department | 한국과학기술원 :기술경영학부, | - |
dc.contributor.alternativeauthor | 음대진 | - |
dc.title.subtitle | evidence from korean IPO firms | - |
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