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| Tekijä: | Stehle, R. |
| Otsikko: | Long-run stock performance of German initial public offerings and seasoned equity issues |
| Lehti: | European Financial Management
2000 : JUN, VOL. 6:2, p. 173-196 |
| Asiasana: | INITIAL PUBLIC OFFERINGS STOCKS MARKET EFFICIENCY |
| Kieli: | eng |
| Tiivistelmä: | The authors estimate the long-run stock performance after initial public offerings (IPOs) in the German capital market with a larger sample than prior studies and alternative benchmarks (the equally and the value-weighted market portfolio, size portfolios and matching stocks). In addition the authors present the first results on the long- run performance after seasoned equity issues (SEOs) in Germany. The authors conclude that size portfolios and matching stocks are better benchmarks than market portfolios. |
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