Essays about: "Long-Run Underperformance"

Showing result 11 - 15 of 17 essays containing the words Long-Run Underperformance.

  1. 11. 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

  3. 12. 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

  4. 13. Private Equity-Backed Initial Public Offerings - Share Allocation and Secondary Distribution Overhang

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Johan Danielsson; Eric Gustavsson; [2014]
    Keywords : Initial Public Offerings; Private Equity-Backed Initial Public Offerings; Share Allocation; Secondary Distribution; Overhang;

    Abstract : We examine short-run underpricing and long-run performance differences between private equity-backed and non-private equity-backed initial public offerings by evaluating 101 transactions between 2000 and 2014 in the Nordic countries (Sweden, Denmark, Norway and Finland), whereby 45 offerings were private equity-backed. Initially, we explore the mere existence of short-run underpricing and long-run underperformance for all initial public offerings. READ MORE

  5. 14. From Greed to Good? - A Study on the Long-Run Stock Performance of Reverse Leveraged Buyouts on the American Stock Exchanges

    University essay from Lunds universitet/Företagsekonomiska institutionen

    Author : Jesper Antonsson; Marcus Palmér; [2012]
    Keywords : Reverse Leveraged Buyout RLBO ; Private Equity PE ; Initial Public Offering IPO ; Leveraged Buyout LBO ; Long-Run Stock Performance; Business and Economics;

    Abstract : The study seeks to investigate long-term stock performance of RLBOs. The purpose also to investigate long-term performance differences across RLBOs by examining whether certain characteristics can be attributed to deviations in performance. In general, the study seeks to shed some light on the recent wave of leveraged buyout transactions. READ MORE

  6. 15. Dual-class Share Structure and IPO Long-run Performance: An Empirical Study of the Swedish IPO market

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Elisabet Åkesson; Tomi Lakkonen; [2008]
    Keywords : Dual-class IPOs; Long-Run Underperformance; Firm Valuation; Corporate Governance Mechanisms; Sweden;

    Abstract : This study analyzes the effects of a dual-class share structure on firm long-run underperformance following an IPO. The sample consists of 204 IPO firms during 1998-2007, whereof 86 had a dual-class share structure and 118 had a one-share one-vote structure. READ MORE