Purpose–The purpose of this paper is to provide a unique approach to examining issues
related to initial public offerings (IPOs). Design/methodology/approach–The price behavior …

The study sought to examine the pricing and long term performance of IPOs of state owned
enterprises and compared it with the performance of privately owned enterprises. The study …

We analyze the effect of initial public offerings (IPOs) on industry competitors and provide
evidence that companies experience negative stock price reactions to completed IPOs in …

An initial public offering (IPO) is the firm's transition from private to public ownership. Before
its IPO, the firm is held by a limited number of shareholders; after its IPO, the firm becomes …

Prior research has identified three principal characteristics of initial public offerings (IPOs).
First, IPO activity is very cyclical. Both the number of IPOs and the amount raised in these …

We examine the impact of initial public offerings (IPOs) on rival firms and find that the
valuation effects are insignificant. This insignificant reaction can be explained by offsetting …

Purpose–The objective of this study is to investigate the long‐run performance of initial
public offerings (IPOs) in Germany for the period from 1977 to 1995. The paper studies why …

Purpose–The purpose of this paper is to investigate returns of initial public offerings (IPOs)
in an emerging market and differences in the returns of privatized and non‐privatized …

We examine factors that influence the choice between an initial public offering (IPO) and a
takeover by a public acquirer. Our results show that the industry concentration, high‐tech …

The objective of this study is to investigate the long-run performance of initial public offerings
(IPO) in Germany for the period from 1977 to 1995. Of particular interest is to examine …