Essays about: "IPO Long-Run Underperformance"

Showing result 6 - 10 of 14 essays containing the words IPO Long-Run Underperformance.

1. 6. The Nordic IPO Puzzle

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Gustav Jakobsson; Filip Jedmo; Daniel Tegmark; [2018]
   Keywords : Long run performance; Nordic Market; BHAR; Number of Issues; IPO; Business and Economics;

   Abstract : Purpose: To evaluate the Nordic IPO markets from an academic perspective taken from an investor's point view. Methodology: Quantitative research Theoretical perspective: Majority of previous research suggest that in the long run newly listed companies underperform comparable companies on the market when comparing changes in stock prices. READ MORE

3. 7. The Long-Run Performance of Swedish IPOs : Explained in terms of Firm Maturity

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Alexandra Maourina; Nicole Kalinowska; [2017]
   Keywords : Swedish IPOs; aftermarket performance; RE TA; life-cycle; firm maturity;

   Abstract : This paper examines the long-run aftermarket performance of Swedish IPOs between 2000- 2016, including two market downturns (the burst of IT and housing bubble). The main objective is to investigate whether performance is explained in terms of firm maturity, which is the main contribution to existing literature. READ MORE

4. 8. The Financial Effects of Going Public on Football Clubs

   University essay from Högskolan i Jönköping/IHH, Economics, Finance and Statistics

   Author : Gareth Low; Fredrik Karlsson; [2015]
   Keywords : IPO; Underperformance; Cumulative Abnormal Returns; Alpha; Football;

   Abstract : In this thesis we analyze the financial performance of Football clubs following an initial public offering (IPO). We conduct several analyses using time series stock data with a focus on finding evidence of long-run underperformance and IPO over/underpricing. To this end, we estimate cumulative abnormal returns (CAR) and Jensen’s Alpha. READ MORE

5. 9. Long-run Performance of Market-timing IPOs

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Andreas Jallinder; Patrik Essunger; [2014]
   Keywords : Performance; IPO; Investor Sentiment; Market-timing;

   Abstract : In this paper we examine the long-term performance of firms that conduct their IPO in periods of high investor sentiment. We use different measures of returns and conclude that the value-weighted risk-adjusted buy-and-hold return is the most appropriate measure to use. READ MORE

6. 10. Underpricing and Long-Run IPO Performance in Italy, Sweden and United Kingdom: a comparative study from 2006 to 2013

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Davide Ramazzina; [2014]
   Keywords : Underpricing; IPO Long-Run Underperformance; Fama-French three-factor model;

   Abstract : In my thesis, I study two IPO anomalies, the underpricing and the long-run underperformance of new listings, from 2006 to 2013, on two peripheral (Sweden and Italy) and on the main European financial market (UK). I also examine the sector specific performances within each market to identify whether some particular industry performed better in one particular market rather than in others. READ MORE