Do Privatization IPOs Outperform in the Long Run?

This paper investigates the long-run stock returns of privatization initial public offering (IPO) firms using a sample of 241 privatization IPOs from 42 countries during the period 1981-2003. We compare one-, three-, and five-year holding period returns of privatization IPOs to those of the domestic...

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Veröffentlicht in:	Financial management 2010-04, Vol.39 (1), p.153-185
Hauptverfasser:	Choi, Seung-Doo, Lee, Inmoo, Megginson, William
Format:	Artikel
Sprache:	eng
Schlagworte:	Arithmetic mean Business management Business structures Capital Economic aspects Equity Financial economics Forecasts and trends Going public (Securities) Initial public offering Initial public offerings International Investors Long-term analysis Market capitalization Portfolio performance Privatization Public enterprises Rates of return Securities Securities markets Statistics Stock exchanges Stock markets Stock-exchange Studies Term weighting Weighted averages
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