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privatization (i.e., IPO) has different effects depending on the types of owners to whom it gives control in corporate governance …
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We track firms at birth and compare the growth pattern of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to attain a larger size later in life and go public. Firms in the top percentile of predicted propensity to go...
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This article builds on an earlier study by Choi and Nam (1998) on the initial price performance of Public Sector Initial Public Offerings PIPOs in 30 countries. They report that, in general, PIPOs are more underpriced than private sector IPOs. Our study of the Australian market suggests the...
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We examine how information disclosures from private firms affect analysts’ public firm earnings forecasts. On one hand, private firm disclosures allow analysts to better understand industry-wide business conditions, enabling them to forecast the peer public firm earnings more accurately. On...
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We track firms at birth and compare the growth and responsiveness to demand shocks of IPO firms and their birth-matched counterparts. Firms that are larger at birth with faster initial growth are more likely to go public. Firms in the top percentile of predicted propensity to go public grow 29...
Persistent link: https://www.econbiz.de/10012244886
or in the same sector. The pre-and-post privatization performance is tested using the Wilcoxon signed-rank test involving … accounting data and financial ratios of the privatized firms. Empirical findings of post privatization analysis indicate …Privatization : concept and theories -- Privatization in the world and privatization history of Turkey -- Efficiency …
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