Effect of Lockup Agreements on Buyout Backed Initial Public Offerings
Using a sample of 279 buyout backed firms, I examined the effect of lockup agreements on the firm’s stock returns. I found there to be a negative .8 percent cumulative abnormal return for the three-day period surrounding lockup expiration. Consistent with my hypothesis the CAR for the three-day peri...
| Main Author: | |
|---|---|
| Format: | Others |
| Published: |
Scholarship @ Claremont
2011
|
| Subjects: | |
| Online Access: | http://scholarship.claremont.edu/cmc_theses/183 http://scholarship.claremont.edu/cgi/viewcontent.cgi?article=1120&context=cmc_theses |