Advanced

Long-Term performance of Swedish IPOs - 1990-2002

Svensson, Otto and Ryd, Fredrik (2006)
Department of Business Administration
Abstract
We have performed a study much similar to Ritter’s (1991) about long-term aftermarket performance of IPOs on the Swedish market during the years 1990 to 2002. The study resulted in evidence for that Swedish IPO do underperforms their benchmark-portfolios during a 36-months period. Though, the grade of underperformance depends of the chosen benchmark. The study is mainly focused on a particular benchmark, a portfolio of non-issuing firms matched by size and sector. Compared to this benchmark the sample of IPOs underperforms with on average 21,35 %.
Please use this url to cite or link to this publication:
author
Svensson, Otto and Ryd, Fredrik
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
IPO, long-term performance, aftermarket, Management of enterprises, Företagsledning, management
language
Swedish
id
1342347
date added to LUP
2006-06-05
date last changed
2012-04-02 16:02:11
@misc{1342347,
  abstract     = {We have performed a study much similar to Ritter’s (1991) about long-term aftermarket performance of IPOs on the Swedish market during the years 1990 to 2002. The study resulted in evidence for that Swedish IPO do underperforms their benchmark-portfolios during a 36-months period. Though, the grade of underperformance depends of the chosen benchmark. The study is mainly focused on a particular benchmark, a portfolio of non-issuing firms matched by size and sector. Compared to this benchmark the sample of IPOs underperforms with on average 21,35 %.},
  author       = {Svensson, Otto and Ryd, Fredrik},
  keyword      = {IPO,long-term performance,aftermarket,Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Long-Term performance of Swedish IPOs - 1990-2002},
  year         = {2006},
}