Essays about: "Buy-and-Hold Abnormal Return"
Showing result 11 - 15 of 28 essays containing the words Buy-and-Hold Abnormal Return.
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11. Long-Run Performance Trends of Private Equity-Backed IPOs: Evidence from the Nordics
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This study examines the long-run performance, measured as the 36-month buy-and-hold abnormal return, of private equity-backed initial public offerings (IPOs), and compares it to the long-run performance of non-backed IPOs. Using a sample of 130 IPOs listed on the four main exchanges in the Nordics from October 2006 to December 2016, we first show that private equity-backed IPOs, on average, are larger, use more leverage, and have higher asset turnover than non-backed IPOs. READ MORE
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12. The Corporate Governance Scorecard - Testing an investment strategy focusing on spin-offs with strong corporate governance
University essay from Lunds universitet/Företagsekonomiska institutionenAbstract : Seminar date: 03/06/2019 Course: BUSN79 Business Administration: Degree Project in Accounting and Finance, 15 credits Authors: John Kleven Falck and Sebastian Lindeborg Advisor: Håkan Jankensgård Key words: Spin-offs, agency theory, efficient market hypothesis, investment strategy, corporate governance, The Corporate Governance Scorecard Purpose: The purpose of this paper is to test an investment strategy investing solely in spin-offs with strong corporate governance to achieve superior abnormal returns Methodology: This paper designs and adopts a binary scorecard called The Corporate Governance Scorecard, which is used to create two groups of spin-offs with strong and weak corporate governance respectively. T-statistics have been adopted to test the difference in buy-and-hold abnormal return between the two groups. READ MORE
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13. Long-run IPO performance on the Swedish equity market between 2004-2014 - Compared with Private Equity backed IPOs
University essay from Göteborgs universitet/Graduate SchoolAbstract : This paper investigates the long-run underperformance phenomenon of IPOs on the Swedish equity market between 2004-2014, using a sample of 53 IPO companies from Nasdaq OMX Stockholm. Also, the long-run performance of all IPOs during this time-period is compared with private equity backed IPOs separately. READ MORE
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14. Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017
University essay from Högskolan i Jönköping/Internationella HandelshögskolanAbstract : Background: The post-IPO anomalous behaviour in the short and long-run are among the well-recognised anomalies in corporate finance, and exist on all equity markets. The researchers are not unanimous what causes these phenomena’s, and previous research has primarily focused on the US and European markets. READ MORE
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15. The Post-IPO Performance of Venture Capital-backed Companies - Evidence from the European High-Tech Industry
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : This thesis focusses on the question whether VC-backing is positively related to the long-term post-IPO performance of companies. It thereby aims to contribute to the clarification of the broader question whether VC funds create lasting value for European high-tech companies through their financing and continued provision of monitoring and advise services. READ MORE
