Essays about: "long-run stock performance"

Showing result 21 - 25 of 36 essays containing the words long-run stock performance.

1. 21. Initial Returns and Long-Run Performance of Private Equity-backed IPOs in the UK: The Post-Y2K Experience

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Tom Lange; Pascal Rietmann; [2015]
   Keywords : Initial Public Offering; Private Equity; Venture Capital; Underpricing; After-Market Performance;

   Abstract : This paper studies a sample of 257 initial public offerings (IPO) that occurred in the period from 2001 to 2011, differentiated into sub-samples of 32 venture capital-backed (VC), 55 buyout-backed (BO), and 170 non-backed (NB) share issuances undertaken on the London Stock Exchange's (LSE) Main Market and Alternative Investment Market. We separately analyze initial first-day returns, commonly referred to as underpricing, as well as long-run after-market performance using an event study setting with a horizon of 36 months. READ MORE

3. 22. Post-SEO Performance in the Recovery Phase of the Financial Crisis

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Richard Östgren; Erik Brunskog; [2015]
   Keywords : Seasoned Equity Offering; SEO; Announcement Effects; Long-Run Performance; Event Study; Cumulative Abnormal Return; Market Efficiency; Swedish Stock Markets.; Business and Economics;

   Abstract : This thesis focuses on seasoned equity offerings and aims to examine announcement effects and long-run performance of SEO firms on the Swedish stock exchanges, during the recovery phase of the global financial crisis. Also, an OLS regression is run in order to explain post-SEO performance using the independent variables book-to-market ratio, market capitalization and the firms’ number of SEOs during the time period. READ MORE

4. 23. The long-run performance of new listings on the Nordic stock markets: IPOs, Spin-offs and Carve-outs

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Tim Gisslen; Erik Raig; [2015]
   Keywords : Nordic IPOs; spin-offs; carve-outs; long-run abnormal returns;

   Abstract : This paper studies the long-run performance of new listings on the Nordic stock markets from January 1996 to April 2014 by analyzing a sample of 203 non-sponsored IPOs, 100 private equity-backed IPOs, 60 spin-offs and 30 carve-outs. First, we investigate the median buy-and-hold abnormal returns associated with the different listing groups. READ MORE

5. 24. 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

6. 25. A Study of a Relationship Between The U.S. Stock Market and Emerging Stock Markets in Southeast Asia

   University essay from Linnéuniversitetet/Institutionen för nationalekonomi och statistik (NS)

   Author : Tanyatorn Suppakittiwong; Sornsita Aimprasittichai; [2015]
   Keywords : Stock Market Integration; Structural Break; The Subprime Crisis; Diversification; Co-Movement; Gregory and Hansen Cointegration Test; Error Correction Model ECM ;

   Abstract : Resulting from the deregulation and prosperity of the economic and financial sectors in Asia during 1980s, a significant increase in cross-bordered financial transactions ultimately accelerated the region of Southeast Asia to be on a process of financial integration and consequently diminished opportunities for portfolio diversification. Financial Integration is a multidimensional process through which allocation of financial assets becomes lastly borderless. READ MORE