Examining the Performance of IPOs-Reference-Cited by-同舟云学术

Examining the Performance of IPOs

Published:2012-08 Issue:3 Volume:37 Page:219-251
ISSN:0258-042X
Container-title:Management and Labour Studies
language:en
Short-container-title:Management and Labour Studies

Author:

Bhatia Shikha¹,Singh Balwinder²

Affiliation:

1. Shikha Bhatia is Assistant Professor at Jaipuria Institute of Management, Noida, U.P., India.

2. Balwinder Singh is Reader, Department of Commerce and Business Management, Guru Nanak Dev University, Amritsar, Punjab, India.

Abstract

This paper examines the performance of 648 initial public offerings (IPOs) listed on the Bombay Stock Exchange (BSE) from June 1992 to March 2002 over a five-year period. Voluminous research across the world suggests that IPOs unanimously witness very high returns in the short run; as opposed to it, the long-run performance of IPOs does not observe any ubiquitous pattern and this paper is an attempt to draw conclusions about the performance of IPOs in India. In order to get robust conclusions on IPO performance, the patterns of IPO performance have been analyzed for 60 months subsequent to listing. Furthermore, the study attempts to find out the factors that determine the performance of Indian IPOs.

Publisher

SAGE Publications

Subject

Organizational Behavior and Human Resource Management,Industrial relations,Business and International Management

Link

http://journals.sagepub.com/doi/pdf/10.1177/0258042X13484836

Reference78 articles.

1. Fads in the Initial Public Offering Market?

2. The Aftermarket Performance of Initial Public Offerings in Latin America

3. The Long Run Share Price Performance of Malaysian Initial Public Offerings (IPOs)

4. Signalling by underpricing in the IPO market

5. The long-run performance of initial public offerings in Thailand

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