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Hamao, Yasushi

Works: 5 works in 27 publications in 2 languages and 394 library holdings
Roles: Author, Editor
Classifications: HG187.J3, 332.64252
Publication Timeline
Publications about Yasushi Hamao
Publications by Yasushi Hamao
Most widely held works by Yasushi Hamao
Japanese financial market research by W. T Ziemba( Book )
9 editions published in 1991 in English and Dutch and held by 275 libraries worldwide
Institutional affiliation and the role of venture capital : evidence from initial public offerings in Japan by Yasushi Hamao( Book )
10 editions published between 1998 and 2000 in English and held by 87 libraries worldwide
"The presence of venture capital in the ownership structure of U.S. firms going public has been associated with both improved long-term performance and lower underpricing at the time of the IPOs. In Japan, we find the long-run performance of venture capital-backed IPOs to be no better than that of other IPOs, with the exception of firms backed by foreign owned or independent venture capitalists. Many of the major venture capital firms in Japan are subsidiaries of securities firms that may face a conflict of interest when underwriting the venture capital-backed issue. When venture capital holdings are broken down by their institutional affiliation, we find that firms with venture backing from securities company subsidiaries do not perform significantly worse over a three-year time horizon than other IPOs. On the other hand, we find that IPOs in which the lead venture capitalist is also the lead underwriter have higher initial returns than other venture capital-backed IPOs. The latter result suggests that conflicts of interest influence the initial pricing, but not the long-term performance, of initial public offerings in Japan"--Federal Reserve Bank of New York web site
Fifteen-year performance of Japanese capital markets by Yasushi Hamao( Book )
3 editions published in 1988 in English and held by 13 libraries worldwide
Correlations in price changes and volatility across international stock markets by Yasushi Hamao( Book )
3 editions published between 1989 and 1990 in English and held by 10 libraries worldwide
Predictable bond and stock returns in the United States and Japan : a study of long-term capital market integration by John Y Campbell( Book )
2 editions published in 1988 in English and held by 9 libraries worldwide
English (26)
Dutch (1)
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