Advanced search options

Advanced Search Options 🞨

Browse by author name (“Author name starts with…”).

Find ETDs with:

in
/  
in
/  
in
/  
in

Written in Published in Earliest date Latest date

Sorted by

Results per page:

You searched for subject:(IPO sectors). One record found.

Search Limiters

Last 2 Years | English Only

No search limiters apply to these results.

▼ Search Limiters


Jönköping University

1. Kallén, Gustav. Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017.

Degree: Jönköping International Business School, 2018, Jönköping University

Background: The post-IPO anomalous behaviour in the short and long-run are among the well-recognised anomalies in corporate finance, and exist on all equity markets. The researchers are not unanimous what causes these phenomena’s, and previous research has primarily focused on the US and European markets. Purpose: The study aims to investigate the market performance of Swedish IPO's in the short- and long-run in-between 2007-2017 for different sectors. Method: The market adjusted initial return method was used to calculate the short-run initial return. The Even-time approach with the Buy-and-hold methodology was used to calculate the long-run abnormal returns. A regression analysis was adopted to investigate the relationship between some existing theories for explaining underpricing. Conclusion: Overall the sample set for the study were on average underpriced with 9,25 %, furthermore, no evidence was found that Swedish IPO’s underperformed in a three-year period compared to the market. Of the theories tested, the signalling hypothesis was significant and can be one determinant for underpricing of Swedish IPO’s.

Subjects/Keywords: IPO underpricing; IPO underperformance; IPO sectors; Swedish IPO’s; Business Administration; Företagsekonomi

Record DetailsSimilar RecordsGoogle PlusoneFacebookTwitterCiteULikeMendeleyreddit

APA · Chicago · MLA · Vancouver · CSE | Export to Zotero / EndNote / Reference Manager

APA (6th Edition):

Kallén, G. (2018). Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017. (Thesis). Jönköping University. Retrieved from http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-39760

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Chicago Manual of Style (16th Edition):

Kallén, Gustav. “Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017.” 2018. Thesis, Jönköping University. Accessed January 23, 2020. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-39760.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

MLA Handbook (7th Edition):

Kallén, Gustav. “Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017.” 2018. Web. 23 Jan 2020.

Vancouver:

Kallén G. Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017. [Internet] [Thesis]. Jönköping University; 2018. [cited 2020 Jan 23]. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-39760.

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

Council of Science Editors:

Kallén G. Underpricing and underperformance of Swedish IPO’s : A comparative study of different sectors from 2007-2017. [Thesis]. Jönköping University; 2018. Available from: http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-39760

Note: this citation may be lacking information needed for this citation format:
Not specified: Masters Thesis or Doctoral Dissertation

.