dc.contributor.author | Alanazi, Ahmed S. | |
dc.contributor.author | Liu, Benjamin | |
dc.date.accessioned | 2023-12-20T22:42:14Z | |
dc.date.available | 2023-12-20T22:42:14Z | |
dc.date.issued | 2015 | |
dc.identifier.issn | 1727-9232 | en_US |
dc.identifier.doi | 10.22495/cocv12i4p11 | en_US |
dc.identifier.uri | http://hdl.handle.net/10072/125144 | |
dc.description.abstract | This 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.peerreviewed | Yes | en_US |
dc.language | English | en_US |
dc.language.iso | eng | |
dc.publisher | Virtus Interpress | en_US |
dc.relation.ispartofpagefrom | 156 | en_US |
dc.relation.ispartofpageto | 169 | en_US |
dc.relation.ispartofissue | 4 | en_US |
dc.relation.ispartofjournal | Corporate Ownership & Control | en_US |
dc.relation.ispartofvolume | 12 | en_US |
dc.subject.fieldofresearch | Accounting, auditing and accountability | en_US |
dc.subject.fieldofresearch | Banking, finance and investment | en_US |
dc.subject.fieldofresearch | Business systems in context not elsewhere classified | en_US |
dc.subject.fieldofresearchcode | 3501 | en_US |
dc.subject.fieldofresearchcode | 3502 | en_US |
dc.subject.fieldofresearchcode | 350399 | en_US |
dc.title | The ownership change and IPO firm performance: Evidence from the six emerging markets | en_US |
dc.type | Journal article | en_US |
dc.type.description | C1 - Articles | en_US |
dc.type.code | C - Journal Articles | en_US |
dc.description.version | Version of Record (VoR) | en_US |
gro.description.notepublic | Copyright 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.copyright | This 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.hasfulltext | Full Text | |
gro.griffith.author | Liu, Benjamin | |