δείτε την πρωτότυπη σελίδα τεκμηρίου στον ιστότοπο του αποθετηρίου του φορέα για περισσότερες πληροφορίες και για να δείτε όλα τα ψηφιακά αρχεία του τεκμηρίου*
How the shipping firms have used the funds they raised from IPOs, in parallel with their short-run and long-run performance.
Zogkoudis, Athanasios
This dissertation was written as part of the MSc in Management at the International Hellenic University. The aim of this dissertation study is to examine the purpose of going public for a number of shipping companies along with their short - run and long - ru n performance during the period 2000 - 2014 in 7 major Stock exchanges. On the first listing day the sample is undepriced at 0,19 %. In order to measure the long - run performance, buy - and - hold abnormal returns method (BHAR) is calculated. The empirical results indicate that the sample underperform after 6 months of listing. A number of factors are also tested about their level of significance for both short - and long - run performance. A multivariable regression is constructed for each case in order to check thes e factors’ influence in underpricing and abnormal returns respectively. The results illustrate that in the long - term, the initial underpricing at the first trading day and the gross proceeds are statistically significant
*Η εύρυθμη και αδιάλειπτη λειτουργία των διαδικτυακών διευθύνσεων των συλλογών (ψηφιακό αρχείο, καρτέλα τεκμηρίου στο αποθετήριο) είναι αποκλειστική ευθύνη των αντίστοιχων Φορέων περιεχομένου.
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