The Effect of Credit Rating Providence and Firm Attractiveness on Fundraising Success: An Evidence From IPOS In Thailand

Authors

  • Satakoon Kaewmungkoon

Abstract

The main objective of the financial management in companies is to create a “Maximize Wealth” to its stakeholders. One of successful alternative is to put their shares into stock market as the initial public offerings (IPOs). Under this IPOs option, companies could take various advantages before and during the entering processes into the stock market. However, not many research has concentrated on these firms’ advantage that this research applies the signaling theory and the credit rating literature to explore this concentration. Additionally, this research also used financial data of 438 firms that have put their stocks to public in Thailand from 2008 to 2018. As result, a researcher shows an evidence to support a positive relationship between credit rating providence and its IPO firm attractiveness and also find that the effectiveness of firms’ fundraising is positive supported by firm attractiveness.

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Published

2020-04-09

Issue

Section

Articles