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dc.contributor.authorAlanazi, Ahmed S.
dc.contributor.authorLiu, Benjamin
dc.date.accessioned2018-11-13T03:44:47Z
dc.date.available2018-11-13T03:44:47Z
dc.date.issued2015
dc.identifier.issn1727-9232
dc.identifier.doi10.22495/cocv12i4p11
dc.identifier.urihttp://hdl.handle.net/10072/125144
dc.description.abstractThis paper investigates the financial and operating performance of IPOs made in the Gulf Cooperation Council (GCC) region for the period of 2003 to 2010. The results suggest that IPO firm performance declines after going public after ownerships are altered in IPOs. The deterioration is associated with the firm transition from private into public ownership perhaps due to increasing agency costs. We also find evidence that supports the lack of opportunity theory because the firm’s growth in sales and capital expenditure in the pre-IPO period is much stronger than the post-IPO period. We also find that size of the firm is positively significant to IPO firm performance.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherVirtus Interpress
dc.relation.ispartofpagefrom156
dc.relation.ispartofpageto169
dc.relation.ispartofissue4
dc.relation.ispartofjournalCorporate Ownership & Control
dc.relation.ispartofvolume12
dc.subject.fieldofresearchBusiness and Management not elsewhere classified
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchBanking, Finance and Investment
dc.subject.fieldofresearchBusiness and Management
dc.subject.fieldofresearchcode150399
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1502
dc.subject.fieldofresearchcode1503
dc.titleThe ownership change and IPO firm performance: Evidence from the six emerging markets
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionAccepted Manuscript (AM)
gro.rights.copyright© 2015 Virtus Interpress. This is the author-manuscript version of this paper. Reproduced in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
gro.hasfulltextNo Full Text
gro.griffith.authorLiu, Benjamin


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