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dc.contributor.authorAlanazi, Ahmed S.
dc.contributor.authorLiu, Benjamin
dc.date.accessioned2023-12-20T22:42:14Z
dc.date.available2023-12-20T22:42:14Z
dc.date.issued2015
dc.identifier.issn1727-9232en_US
dc.identifier.doi10.22495/cocv12i4p11en_US
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.en_US
dc.description.peerreviewedYesen_US
dc.languageEnglishen_US
dc.language.isoeng
dc.publisherVirtus Interpressen_US
dc.relation.ispartofpagefrom156en_US
dc.relation.ispartofpageto169en_US
dc.relation.ispartofissue4en_US
dc.relation.ispartofjournalCorporate Ownership & Controlen_US
dc.relation.ispartofvolume12en_US
dc.subject.fieldofresearchAccounting, auditing and accountabilityen_US
dc.subject.fieldofresearchBanking, finance and investmenten_US
dc.subject.fieldofresearchBusiness systems in context not elsewhere classifieden_US
dc.subject.fieldofresearchcode3501en_US
dc.subject.fieldofresearchcode3502en_US
dc.subject.fieldofresearchcode350399en_US
dc.titleThe ownership change and IPO firm performance: Evidence from the six emerging marketsen_US
dc.typeJournal articleen_US
dc.type.descriptionC1 - Articlesen_US
dc.type.codeC - Journal Articlesen_US
dc.description.versionVersion of Record (VoR)en_US
gro.description.notepublicCopyright permissions for this publication were identified from the publisher's website at https://virtusinterpress.org/Journal-s-Open-Acess-Statement.html.en_US
gro.rights.copyrightThis work is covered by copyright. You must assume that re-use is limited to personal use and that permission from the copyright owner must be obtained for all other uses. If the document is available under a specified licence, refer to the licence for details of permitted re-use. If you believe that this work infringes copyright please make a copyright takedown request using the form at https://www.griffith.edu.au/copyright-matters.en_US
gro.hasfulltextFull Text
gro.griffith.authorLiu, Benjamin


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