Gao, Qian; Long, Hai; Zhao, Jianzhi - In: South African journal of business management 52 (2021) 1, pp. 1-13
(IPOs) contribute to it. Design/methodology/approach: This study employs comprehensive regression models to examine IPO …-related indicators, which is distinguishing from prior research. IPOs may contribute to firms' market performance only, they are … insignificant to firms' operating performance in general, whilst industry-adjusted evidence suggests that IPOs are negatively …