Guidance to Task 3 (individual assignment)-3.xlsx - ACF5150 TASK 3-Semester 1 2018 This is an INDIVIDUAL assignment You must read carefully all

Guidance to Task 3 (individual assignment)-3.xlsx - ACF5150...

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ACF5150 TASK 3-Semester 1, 2018 This is an INDIVIDUAL assignment You must read carefully all information provided in this sprea You are given the following research question, hypothesis and equation. Research Question: Does the firm size of IPO firm affect the stock returns on the first-day of Hypothesis 1: The size of IPO firm is negatively associated with the stock returns on the firs or Hypothesis 1: IPO firms with larger size have lower stock returns on the first-day of trading Equation to test hypothesis 1: Please note that the variable of interest is firm size. The proxy of firm s LNRETURNS = the dependent variable. LNAGE, BIGN, LNBSIZE, and AUDCOM are control variables ε = ERROR TERM Required: Complete Task 3 To complete TASK 3, you should follow the following steps Individual student should collect data of 21 IPO firms that list on the Australian Stock Excha This is an INDIVIDUAL assignment Your sample firms consist of firms listing on the time period which we randomly assign to yo Arrange the data in the excel spread sheet. Please go to the SAMPLE data set p Please read carefully each ABBREVIATION AND ITS DEFINITION Prepare the descriptive statistics and run the regression analysis using "YOUR DATA SET". Pr Report the results in Tables and interpret them. You should re do not forget to provide the limitations of your findings Print out your data set, the equation, abbreviations (labels) and definitions, th All above documents should be submitted together with your assignment cove Drop a hard copy of your assignment in the box provided at H3 Building by the ALSO, email a soft copy of your assignment to the course's Chief Examiner On line submission is NOT ALLOWED LNRETURNi= β0 + β1 LNASSETSi + β2 LNAGEi + β3 BIGNi + β4
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Important information how to obtain the data of your s Source of main variables: IPO (Initial Public Offering) Prospectuses. How to download IPO p Go to MyMonash and then choose library, search, go to data bases, click on 'D' from the pa type ASX code for particular company and go to "ASX announcements" on the left hand side Click "last" and find out the IPO prospectus from the annoucement entitled "Disclosure doc How to download IPO firms list on the Australian Stock Exchange (ASX), go to libary ....... dat In the main menu, click "search tool", go to "advance search". Go to section B and click "com and then click "ASX Listing Date for SUB_SECTION, and then type of term (s). If you would like to download the listing date of IPO firms from 1 January 2 For your sample selection, only choose companies and ignore FUND and TRUST To obtain the closing price on the first-day of trading of an IPO firm on the stock exchange, g Type company code (see get quotes, finance search) type ASX code of the company e.g., MY Note: You need to put .AX after the ASX code; click "historical data" and then enter an appropriate "Time period" to find out the closing price on the listing date of particu
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