Advanced search

Found 2 essays matching the above criteria.

1. 1. The performance of Nordic buyout-backed IPOs - An empirical study on first-day returns, aftermarket abnormal returns and IPO cyclicality

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Johanna Sevonius; Johan Hertervig; [2014]
   Keywords : Nordic buyout-backed IPOs; first-day returns; aftermarket abnormal returns; IPO cyclicality;

   Abstract : Using a sample of 443 Nordic IPOs, consisting of 53 buyout-backed, 70 venture capital-backed and 320 non-sponsored issues from January 1997 to December 2010, this paper investigates the financial performance of buyout-backed IPOs listed on the Nordic stock exchanges. We compare and contrast the first-day returns and aftermarket abnormal returns over a period of three years of buyout-backed IPOs to those of non-sponsored and venture capital-backed. READ MORE

3. 2. Do Consumer Subsidies Increase Productivity? Evidence from Swedish Service Firms

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Johan Hertervig; Karl Svenningsson; [2012]
   Keywords : Productivity; Consumer Subsidies; Demand Pull Effects;

   Abstract : We suggest that "ROT-avdraget" has had a positive effect on industry productivity in the business sector affected by the policy and that this effect is divided into two statistically proven parts; the average firm is becoming more productive and the most productive firms gain market share. Industry and firm level productivity is estimated on a large panel data sample of firms using Levinsohn and Petrin's semi parametric model. READ MORE