Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

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 00:00:00
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}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Long-Term performance of Swedish IPOs - 1990-2002}},
  year         = {{2006}},
}