IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region

Detalhes bibliográficos
Autor(a) principal: Schwarz, David Justin
Data de Publicação: 2023
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/155946
Resumo: This work project evaluates the firm value of Porsche AG upon its IPO on September 29, 2022. The valuation is based on three different approaches, namely intrinsic value, comparable company analysis and comparable transaction analysis. The result of the valuation indicates that Porsche AG’s IPO was subject to a discount. This potentially results from difficulties in the current market environment and its convoluted corporate governance structure due to cross holdings, share listings, and shared responsibilities of executives. Furthermore, this work project includes an individual part that assess the relation between firm specific corporate governance characteristics and their relation to IPO underpricing in the DACH region (Austria, Germany, and Switzerland).
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spelling IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach regionIPO valuationPorscheunderpricingCorporate governanceDomínio/Área Científica::Ciências Sociais::Economia e GestãoThis work project evaluates the firm value of Porsche AG upon its IPO on September 29, 2022. The valuation is based on three different approaches, namely intrinsic value, comparable company analysis and comparable transaction analysis. The result of the valuation indicates that Porsche AG’s IPO was subject to a discount. This potentially results from difficulties in the current market environment and its convoluted corporate governance structure due to cross holdings, share listings, and shared responsibilities of executives. Furthermore, this work project includes an individual part that assess the relation between firm specific corporate governance characteristics and their relation to IPO underpricing in the DACH region (Austria, Germany, and Switzerland).Gavrilova, EkaterinaRUNSchwarz, David Justin2023-07-28T15:03:54Z2023-01-122023-01-122023-01-12T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/155946TID:203312457enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T05:38:34Zoai:run.unl.pt:10362/155946Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:56:17.312073Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
title IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
spellingShingle IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
Schwarz, David Justin
IPO valuation
Porsche
underpricing
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
title_short IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
title_full IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
title_fullStr IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
title_full_unstemmed IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
title_sort IPO valuation porsche ag - the influence of corporate governance on IPO underpricing in the dach region
author Schwarz, David Justin
author_facet Schwarz, David Justin
author_role author
dc.contributor.none.fl_str_mv Gavrilova, Ekaterina
RUN
dc.contributor.author.fl_str_mv Schwarz, David Justin
dc.subject.por.fl_str_mv IPO valuation
Porsche
underpricing
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
topic IPO valuation
Porsche
underpricing
Corporate governance
Domínio/Área Científica::Ciências Sociais::Economia e Gestão
description This work project evaluates the firm value of Porsche AG upon its IPO on September 29, 2022. The valuation is based on three different approaches, namely intrinsic value, comparable company analysis and comparable transaction analysis. The result of the valuation indicates that Porsche AG’s IPO was subject to a discount. This potentially results from difficulties in the current market environment and its convoluted corporate governance structure due to cross holdings, share listings, and shared responsibilities of executives. Furthermore, this work project includes an individual part that assess the relation between firm specific corporate governance characteristics and their relation to IPO underpricing in the DACH region (Austria, Germany, and Switzerland).
publishDate 2023
dc.date.none.fl_str_mv 2023-07-28T15:03:54Z
2023-01-12
2023-01-12
2023-01-12T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/155946
TID:203312457
url http://hdl.handle.net/10362/155946
identifier_str_mv TID:203312457
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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