Long-Term performance of Swedish IPOs - 1990-2002
(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:
http://lup.lub.lu.se/student-papers/record/1342347
- author
- Svensson, Otto and Ryd, Fredrik
- supervisor
- organization
- year
- 2006
- 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}}, }