Saudi Arabian IPOs productivity and efficiency
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The main objective of the paper is to examine the performance of Saudi Arabian firms as they make the transition from private ownership into public ownership. A sample of 13 Saudi IPOs performance is investigated. We use a data envelopment analysis (DEA) method to construct the Malmquist productivity and efficiency indices. We have found that Saudi IPOs exhibit a significant decline in the productivity after the IPO as compared to the pre-IPO level. The paper is the first to provide assessment for the clustering IPOs that occurred in the Kingdom of Saudi Arabia in recent years.
Middle Eastern Finance and Economics
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Economics not elsewhere classified