Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 14 of 14 for “"Long-run performance"”.
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Corporate Inversions and Long-Run Performance
This paper investigates the short-term and long-term stock performance of firms that undergo corporate inversions. The results show that the market response to the initial inversion announcement differs based on the type of inversion. Merger & Acquisition (M&A) and restructuring inversions are …
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Three Essays on the Long-Run Performance of New Issues and Extreme Performers
This dissertation documents the poor long-run performance of new equity issues during 1970-90. The poor long-run performance of initial public offerings (IPOs) result in lower returns on NASDAQ than on the New York Stock Exchange. New equity issues appear to time their offerings to lower their …
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Examination of long-run performance of momentum portfolios: Implications for the sources and profitability of momentum
This dissertation investigates the long-term performance of momentum portfolios. Its results show striking asymmetries for winners and losers and imply potentially different causes for the winner and loser components of momentum. After separately examining winners and losers relative to their …
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The aftermarket performance of Chinese a share IPOs
… study investigates the initial returns and the long run returns ( for up to 3 years) of 328 new issues listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from 1 January 1997 to 31 May 1999. The average market-adjusted initial return of our study sample is 135.44 percent, …
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The role of investment banker reputation in initial public offerings : evidence from the NASDAQ bubble era
… investment banker and both the first-day price run-up (Carter and Manaster (1990) and long run performance of IPOs (Michaely and Shaw (1994)). However, the robustness of this relationship under different market conditions, particularly in times of greater uncertainty and increased market …
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Dividend Signaling and Sustainability
… firms that continue to pay dividends for a long period of time after initiation and those that do not. Although investors do not distinguish between the two groups at the time of the dividend initiation announcement, the firms that pay over a long period of time experience superior operating …
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Do Strategic Share Repurchase Programs Create Long-Run Firm Value
… to management signaling an increase in a firm's long-run performance in the market. Contrary to the hypothesized relationships, mean values of Tobin's Q were found to be slightly higher in the non-repurchasing group of companies. Non-Repurchasing firms also show lower B/M measures. The results …
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The long-run investment performance of initial public offerings (IPOs) in South Africa
This study investigated the long-run investment performance of 411 South African IPOs during the period 1992 to 2007. Consistent with historical studies, no evidence of abnormal performance was found on a calendar-time approach using the Fama- French (1993) three-factor model. While the long-run …
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Essays On Real Estate Investment Trusts
… chapter examines REIT IPOs initial-day, short-run and long-run performance using a large sample of 370 REIT IPOs from four continents (14 different countries) during the 1996-2010 period. The result shows that (1) the newly-established REITs in other countries exhibit similar initial-day return …
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Discussion on relational networks and knowledge flows from a corporate to a regional perspective
… mergers and acquisitions (M&As) on the long run performance of the acquirer firm. The paper uses a dataset that cross information from two different databases on a large sample of Italian companies in order to obtain performance data of Italian firms involved in an international M&A as …
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Long-Run Growth Dynamics of British Cities and their Role in the Economy
… React to Recession: Resilience, Hysteresis and Long Run Impacts (Grant ES/1035811/1) and Structural Transformation, Adaptability and City Economic Evolutions (Grant ES/N006135/1). What binds the papers together, aside from their focus on different aspects of the development of British cities, is …
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Essays on organizational economics and the heterogeneity of firm performance
… tasks. If these conditions are not met, then the performance of the relationship may depend critically on the order in which tasks are first required and on whether early attempts are successful. We may therefore see variation in long-run performance amongst partnerships facing an identical …
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The long-run share price performance resulting from mergers & acquisitions in South Africa: a calendar-time approach
… the debate on whether M&A is a beneficial long-term corporate strategy for shareholders, especially given that little South African literature exists on this issue. This study addresses this question by examining both the short- and long-run share return performances resulting from 204 …
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Private Equity and Venture Capital Investors' Involvement in Firms Post Initial Public Offering
… shareholders, provide certification and improve performance (Jensen 1986, 1989; Baker and Wruck, 1989; Baker and Gompers, 2003; Hochberg, 2012; Acharya et al, 2009). These investors are likely to realize their highest returns by bringing their sponsored firms to the stock market in the form of …