Industry dependent performance of initial public oﬀerings

dc.contributor.author	Högberg, Mikael
dc.contributor.author	Li, Qi
dc.date.accessioned	2019-07-02T11:16:08Z
dc.date.available	2019-07-02T11:16:08Z
dc.date.issued	2019-07-02
dc.identifier.uri	http://hdl.handle.net/2077/60874
dc.description	MSc in Finance	sv
dc.description.abstract	We analyze abnormal returns of initial public oﬀerings (IPOs) in diﬀerent industries from 2007 to 2015 in the main Swedish markets. We ﬁnd that IPOs outperform a sample of matching ﬁrms from the initial time period (ﬁrst trading day) to the after-market period (a three-year period). Furthermore, adjusted initial returns and oﬀer size of IPOs are positively related to their aftermarket performance. “Oil & Gas, Basic Materials & Utilities” and “Health care” are the two best performing sectors and they are the only two sectors that signiﬁcantly outperform “Industrials”, with the latter being the worst performing sector.	sv
dc.language.iso	eng	sv
dc.relation.ispartofseries	Master Degree Project	sv
dc.relation.ispartofseries	2019:148	sv
dc.subject	IPO	sv
dc.subject	event study	sv
dc.subject	performance	sv
dc.subject	CAR	sv
dc.subject	CAR	sv
dc.subject	buy-and-hold	sv
dc.title	Industry dependent performance of initial public oﬀerings	sv
dc.type	Text
dc.setspec.uppsok	SocialBehaviourLaw
dc.type.uppsok	H2
dc.contributor.department	University of Gothenburg/Graduate School	eng
dc.contributor.department	Göteborgs universitet/Graduate School	swe
dc.type.degree	Master 2-years