Khalfallah, Moez; Moschetto, Bruno-Laurent; Teulon, … - Institut de Préparation à l'Administration et à la … - 2014
This paper examines changes in profitability of 146 CVC listed on the French market. The results show disappointing post-IPO profitability. The decline in performance ranges from 9.5% to 32% over a two-year period following the launch on the stock exchange. It also appears that the decline in...