Czapiewski, Leszek; Lizińska, Joanna - In: International Journal of Financial Studies : open … 7 (2019) 1/16, pp. 1-16
. We also check the robustness. The research documents the existence of the long-run underperformance for Polish IPOs … that the underperformance is mainly driven by IPOs in a position of weak pre-issue financial health. More profitable IPOs …