>Amsterdam, March 1999 > > Please note the following publication: > >Valuing New Issues >Information Quality of Initial Public Offerings at the Amsterdam Stock >Exchange > >by Tjalling van der Goot > >An initial public offering is a fruitful setting for analyzing firm >value. This study compares two ways of valuing a firm: one based on >accounting and one on market information. Both approaches are used >throughout the book. They clarify the extent to which accounting >information can be used for explaining firm value. In addition to >valuing new issues with the help of accounting information, the book >examines the relationship between firm value and a number of signals >such as inside shareholdings and the quality of the intermediaries >hired. The issuing firm's managers use these signals for disclosing >private information. Extensive data on the new issues market in the >Netherlands make the study unique. Furthermore, the empirical results >reveal relationships that have not been investigated before. Several >findings in the book have attracted the attention of the media. A number >of Dutch newspapers including the leading financial daily, 'Het >Financieele Dagblad', have reported on two of the studies from the book, >one on takeover defenses, the other on employee stock options, when they >were published in academic journals. I wonder if this book discusses initial public offerings of tulip bulbs. Jim Devine [EMAIL PROTECTED] & http://clawww.lmu.edu/Faculty/JDevine/jdevine.html