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Initial Public Offerings (IPO)
book

Initial Public Offerings (IPO)

by Greg N. Gregoriou
December 2005
Intermediate to advanced content levelIntermediate to advanced
464 pages
23h 14m
English
Butterworth-Heinemann
Content preview from Initial Public Offerings (IPO)
In the Spanish market the evidence in relation to the long-run performance fol-
lowing IPOs is not conclusive. On one hand, Álvarez and González (2005) analyzed
a sample of 56 initial public offerings in the period 1987 to 1997 employing alterna-
tive procedures to compute and test abnormal returns, and documented that the exis-
tence of long-run abnormal returns depends on the methodology employed. On the
other hand, Farinós (2001) analyzed a sample of 18 IPOs in the period 1993 to 1997
and verified that the abnormal monthly mean return of IPO firms in the post-
offering period is not statistically significant.
In this context, we consider that additional ...
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Publisher Resources

ISBN: 9780750679756