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ownership concentration. Conclusions: Same level of underpricing in both private and privatized IPOs reveals that Pakistan … first time to general public, is known as initial public offering (IPO). The underpricing phenomenon and ownership structure … performances for both private IPOs and privatized IPOs in Pakistan. It further investigates the relationship between capital …
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This book examines the financial performance of Turkish firms that were privatized by way of IPOs (Initial Public Offerings). The author uses event study methodology to empirically evaluate the financial efficiency of privatized firms. She also compares the equity returns of state firms to the...
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