Akhigbe, Aigbe O.; Jory, Surendranath R.; Madura, Jeff - In: Applied financial economics 19 (2009) 19/21, pp. 1523-1530
While studies have documented that Initial Public Offering (IPO) aftermarket performance is weak, little is known about how the aftermarket performance is affected by takeovers of the newly public firms. We find that the aftermarket performance of IPOs is more favourable for those newly public...
