Two essays in information disclosure and initial public offerings in Latin America

"This dissertation has an introduction and two chapters. In the first chapter I study the prospectus presented during the initial public offering using a statistical approach of natural language processing. I also explore firm and market determinants of tone. Particularly, I am interested in th...

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Autores:
Téllez Falla, Diego Fernando
Tipo de recurso:
Doctoral thesis
Fecha de publicación:
2016
Institución:
Universidad de los Andes
Repositorio:
Séneca: repositorio Uniandes
Idioma:
spa
OAI Identifier:
oai:repositorio.uniandes.edu.co:1992/7753
Acceso en línea:
http://hdl.handle.net/1992/7753
Palabra clave:
Oferta pública inicial
Divulgación de información - Investigaciones - América Latina
Gobierno corporativo - Investigaciones - América Latina
Administración
Rights
openAccess
License
http://creativecommons.org/licenses/by-nc-nd/4.0/
Description
Summary:"This dissertation has an introduction and two chapters. In the first chapter I study the prospectus presented during the initial public offering using a statistical approach of natural language processing. I also explore firm and market determinants of tone. Particularly, I am interested in the interaction between CEO and underwriters, the ones in charge of writing the prospectus... In the second chapter I study the relation between uncertainty in tone used in the prospectus and IPO performance in Latin America. I set up a situation in which a potential investor is collecting information to decide about an initial public offering. More specific, I study the complementary vs substitute idea between governance traits and uncertainty tone". Tomado del resumen