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This paper examines the long-run performance of French initial public offerings (IPOs) carried out between 1991 and 2005. Using various methodologies, we found that IPOs in our sample performed poorly relative to the comparison portfolios over the 1991–2005 horizon in contrast to that reported...
Persistent link: https://www.econbiz.de/10011258744
This paper examines the determinant factors of going public decision of the Indian firms. Both pre IPO and post IPO factors are identified. Pre IPO factors are identified by comparing pre IPO characteristics of public firms with that of private firms using a probit regression model. Post IPO...
Persistent link: https://www.econbiz.de/10011259181
This article investigates the change in operating performance of 115 firms that go public on the French New Market over the period 1996-2000. A significant decline in operating performance subsequent to the Initial Public Offering (IPO) is found. Companies appears to sustain sales growth but not...
Persistent link: https://www.econbiz.de/10005260157
investors in order to induce them to reveal their information and this results in underpricing. In this multi …
Persistent link: https://www.econbiz.de/10005835395
This paper examines the determinants of the going public decision of the Indian companies. A probit regression model is used to analyze the influence of fundamental financial data of Indian companies on their going public decision. The size, profitability, age and leverage emerged as the...
Persistent link: https://www.econbiz.de/10005837354
underpricing is related to retained capital, underwriter’s price support, oversubscription, listing delay and the offer price. Age …. It appears also that underpricing is driven by irrational investors (ipoers) seeking for short-run capital gains. These …
Persistent link: https://www.econbiz.de/10008574627
This paper examines the long run performance of French IPOs carried out between 1991 and 2005. By using various methodologies, we find that IPOs in our sample performed negatively relative to comparison portfolios over the 1991-2005 horizon, unlike prior studies applied to French market. This...
Persistent link: https://www.econbiz.de/10008871208
This paper examines the determinant factors of going public decision of the Indian firms. Both pre IPO and post IPO factors are identified. Pre IPO factors are identified by comparing pre IPO characteristics of public firms with that of private firms using a probit regression model. Post IPO...
Persistent link: https://www.econbiz.de/10008855816
Purpose: The purpose of this paper is to examine the underpricing of initial public offers (IPOs), which were announced … performance of IPOs during the recent global financial crisis. Methodology: This paper studies the underpricing of 133 IPOs in … underpricing, which is examined in various window periods. Further, industry- and year-wise offers are analyzed and interpreted …
Persistent link: https://www.econbiz.de/10011210490
below the cutoff points of the tax schedule. Thus, both “bunching in transactions” and “underpricing” should be observed …
Persistent link: https://www.econbiz.de/10011261089