Will equity carve-outs behave the same as IPO: Evidence from long run performance
碩士 === 國立臺灣大學 === 財務金融學研究所 === 91 === Previous researches find that the discretionary accruals and the underwriter reputation can explain the long run performance of the IPO stocks. However, I find that these two factors can’t explain the long run returns of equity carve-outs. I also examine whether...
| Main Authors: | , |
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| Format: | Others |
| Language: | en_US |
| Published: |
2003
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| Online Access: | http://ndltd.ncl.edu.tw/handle/71793610302944799858 |
| Summary: | 碩士 === 國立臺灣大學 === 財務金融學研究所 === 91 === Previous researches find that the discretionary accruals and the underwriter reputation can explain the long run performance of the IPO stocks. However, I find that these two factors can’t explain the long run returns of equity carve-outs. I also examine whether there exists any difference between the operating performance of the equity carve-outs and that of the IPO stocks. The results suggest that the difference is not significant. The evidence shows that the equity carve-outs don’t behave the same as the IPO firms.
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