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Påverkas nordiska IPOs av sitt relativa tillgångsinnehav?

Grassi, Dante Emilio LU ; Cahlin, Oliver LU and Persson, Emil LU (2020) FEKH89 20192
Department of Business Administration
Abstract
The study should result in any potential differences in BHAR, 3 years for IPOs in the Nordic market, accounting for the different relative asset classes.
Previous research on which this study is based, studies long-run performance in other markets than the Nordic. In addition, it has focused on drawing conclusions about other explanatory variables.

The study is based on a sample of a total of 213 Nordic IPOs between 2002-2016. Every listing has been completed on Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen or Oslo Exchange. Data have been obtained from Orbis, Zephyr, Datastream and Eikon.

No significant result has been found for BHAR. A significant positive relationship between the proportion of intangible assets and BHAR,... (More)
The study should result in any potential differences in BHAR, 3 years for IPOs in the Nordic market, accounting for the different relative asset classes.
Previous research on which this study is based, studies long-run performance in other markets than the Nordic. In addition, it has focused on drawing conclusions about other explanatory variables.

The study is based on a sample of a total of 213 Nordic IPOs between 2002-2016. Every listing has been completed on Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen or Oslo Exchange. Data have been obtained from Orbis, Zephyr, Datastream and Eikon.

No significant result has been found for BHAR. A significant positive relationship between the proportion of intangible assets and BHAR, ROA and ROE have been observed. D/E has a significant positive relationship with BHAR. (Less)
Popular Abstract (Swedish)
Studien ska visa eventuell skillnad i BHAR, 3 år - för börsintroduktioner på den nordiska marknaden med hänsyn till det relativa innehavet av tillgångsslag.
Tidigare forskning som denna studie grundas på, studerar långsiktig prestation på andra marknader än den nordiska. Därutöver fokuserar den på att dra slutsatser kring andra förklarande variabler.

Studien baserats på ett urval av totalt 213 nordiska börsintroduktioner mellan 2002-2016. Samtliga noteringar är via Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen eller Oslo Börs. Data hämtas primärt från Orbis, Zephyr, Datastream och Eikon.

Inget signifikant positivt eller negativt resultat påvisas för BHAR. Ett signifikant positivt samband mellan andelen immateriella tillgångar... (More)
Studien ska visa eventuell skillnad i BHAR, 3 år - för börsintroduktioner på den nordiska marknaden med hänsyn till det relativa innehavet av tillgångsslag.
Tidigare forskning som denna studie grundas på, studerar långsiktig prestation på andra marknader än den nordiska. Därutöver fokuserar den på att dra slutsatser kring andra förklarande variabler.

Studien baserats på ett urval av totalt 213 nordiska börsintroduktioner mellan 2002-2016. Samtliga noteringar är via Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen eller Oslo Börs. Data hämtas primärt från Orbis, Zephyr, Datastream och Eikon.

Inget signifikant positivt eller negativt resultat påvisas för BHAR. Ett signifikant positivt samband mellan andelen immateriella tillgångar och BHAR, ROA samt ROE förekommer. D/E har ett signifikant positivt samband med BHAR. (Less)
Please use this url to cite or link to this publication:
author
Grassi, Dante Emilio LU ; Cahlin, Oliver LU and Persson, Emil LU
supervisor
organization
alternative title
En kvantitativ studie av nordiska börsintroduktioners långsiktiga prestation baserat på tillgångsslag och branschtillhörighet.
course
FEKH89 20192
year
type
M2 - Bachelor Degree
subject
keywords
IPO, Nordic, BHAR, assets, regression.
language
Swedish
id
9005981
date added to LUP
2020-03-03 09:25:17
date last changed
2020-03-03 09:25:17
@misc{9005981,
  abstract     = {{The study should result in any potential differences in BHAR, 3 years for IPOs in the Nordic market, accounting for the different relative asset classes.
Previous research on which this study is based, studies long-run performance in other markets than the Nordic. In addition, it has focused on drawing conclusions about other explanatory variables.

The study is based on a sample of a total of 213 Nordic IPOs between 2002-2016. Every listing has been completed on Nasdaq Stockholm, Nasdaq Helsinki, Nasdaq Copenhagen or Oslo Exchange. Data have been obtained from Orbis, Zephyr, Datastream and Eikon.

No significant result has been found for BHAR. A significant positive relationship between the proportion of intangible assets and BHAR, ROA and ROE have been observed. D/E has a significant positive relationship with BHAR.}},
  author       = {{Grassi, Dante Emilio and Cahlin, Oliver and Persson, Emil}},
  language     = {{swe}},
  note         = {{Student Paper}},
  title        = {{Påverkas nordiska IPOs av sitt relativa tillgångsinnehav?}},
  year         = {{2020}},
}