Accounting For the Success of the IPO Market Essay

Accounting For the Success of the IPO Market - Essay Example IPO refer to the first sale of stock in the security market by a private company to the public investors. Apart from raising funds, a private firm can sell IPO for other reasons. With the help of an underwriting firm the issuer provides a prospect to the public giving detailing the reasons for issuance the authorized share price as well as the worth of the issuer.2 However, in the IPO market, the investors and sellers hold different information that creates information asymmetry. The goal of this study is to examine the effects of information asymmetry between seller and buyers of IPO. Also, the document examines ways in which one can account for the success of the IPO market. Both seller and buyers encounter challenges in obtaining accurate market information due to various barriers causing information asymmetry. The availability of market information plays a crucial role in any market because it influences the behaviour of buyers.3 The information about price and quality of products and services enables the buyer to make a choice on what product to buy and at what price. However, the information about service is difficult to establish because of intangibility and concurrent production and consumption of services.4 The choice of what to purchase becomes severe due to the potential for dissimilarity in service and product quality and information asymmetry. Sometimes the search for market information is very costly and as such causes hindrance to the choices available for buyers to make.5 Not only the buyers who encounter challenges of obtaining market information but also the sellers have inaccurate reliable information about the market. For example, the seller may want to understand the behaviour of buyers, the future market trends, economic conditions and so on. Both sellers and buyers hold different sets of information which affects their behaviour in the market.6 Therefore, different sets of information regarding price, quality, specifications, performance and circumstances of transfer affect the transactions and increase cost for both parties.  

Art and Culture issues in oxford cowley road Essay

Art and Culture issues in oxford cowley road - Essay Example The tradition of celebrating the Cowley Road Carnival started in 2001. It was a regeneration project. Before the Carnival project, the Cowley Road had a notorious image of crime. It was the local communities demand to cleanse the Cowley Road from the negative impact through East Oxford Action’s regeneration programme. Since then, the Carnival has become a regular practice for the regeneration of the area (seco). The Cowley Road has become a place for art and culture exhibition openly. According to Marcusen (2006), artists are not evenly scattered in cities, their distribution depends on their choices to live, employment opportunities in industries like media, advertising and publishing and keen interest taken by local authorities to support art work for its development. Artists add to the regional economic growth by exporting their art work and creating opportunities for import functions from other cities and areas to their city. Smaller performing art spaces also play a significant part in expansion of art work to other areas. A group of artists get formed in such urban spaces where local art flourishes and gets a place in economy of the region (p.1). It seems so true of the experience the Cowley Road Carnival of cultural show is giving to the ethnic communities there. The Cowley Road Carnival attends to local communities’ aspirations by contributing to specific themes and resolving of certain issues, which have become a priority. Issues and themes include: The carnival has become a symbol of local peoples’ tolerance of each other communities with the celebration of their feelings through the multicultural show. The carnival has become a raging success because of the collaborative support from the people, groups, schools and local organisations, representing art and culture but where from these artists come? (seco, 2010) In this context, it is argued by social theorists that artists are the soul of society, attacking aggressively