Explanatory Power of Pre-Issue Financial Strength for Long-Term Market Performance: Evidence From Initial Equity Offerings on an Emerging Market

Explanatory Power of Pre-Issue Financial Strength for Long-Term Market Performance: Evidence From Initial Equity Offerings on an Emerging Market

This study tests possible sources of long-term risk-adjusted returns on initial public offerings (IPO) in Poland under the calendar-time portfolio (CTP) approach. The moment of going public still remains a puzzle in many areas. Poland’s status as an emerging market has been indisputable fo...

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Bibliographic Details
Main Authors: Leszek Czapiewski, Joanna Lizińska
Format: Article
Language:English
Published: MDPI AG 2019-03-01
Series:International Journal of Financial Studies
Subjects:
initial public offering
equity issue
calendar-time portfolio approach
asset pricing model
risk premium
profitability
Online Access:http://www.mdpi.com/2227-7072/7/1/16

Internet

http://www.mdpi.com/2227-7072/7/1/16

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