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  • The financial performance of Saudi Arabian IPOs

    Author(s)
    Al-Anazi, Ahmed
    Liu, Benjamin
    Forster, John
    Griffith University Author(s)
    Forster, John J.
    Al-Anazi, Ahmed ST.
    Liu, Benjamin
    Year published
    2011
    Metadata
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    Abstract
    Purpose - The main objective of this paper is to measure Saudi Arabian initial public offerings' (IPOs) financial performance before and after going public on the Saudi Stock Exchange Market. The paper also aims to explore factors associated with the financial performance variation between pre- and post-IPO. Design/methodology/approach - A sample of 16 Saudi IPOs is investigated. A matched pairs methodology is mainly used combined with regression analysis. Findings - Saudi IPOs exhibit a significant decline in the post-IPO performance compared to the pre-IPO level as measured by the return on assets and return on sales. ...
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    Purpose - The main objective of this paper is to measure Saudi Arabian initial public offerings' (IPOs) financial performance before and after going public on the Saudi Stock Exchange Market. The paper also aims to explore factors associated with the financial performance variation between pre- and post-IPO. Design/methodology/approach - A sample of 16 Saudi IPOs is investigated. A matched pairs methodology is mainly used combined with regression analysis. Findings - Saudi IPOs exhibit a significant decline in the post-IPO performance compared to the pre-IPO level as measured by the return on assets and return on sales. It was also found that the performance deterioration is associated with the IPO event. Originality/value - The paper is the first assessment of IPOs clustering occurred in Saudi Arabia.
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    Journal Title
    International Journal of Islamic and Middle Eastern Finance and Management
    Volume
    4
    Issue
    2
    DOI
    https://doi.org/10.1108/17538391111144533
    Subject
    Applied economics
    Banking, finance and investment
    Finance
    Publication URI
    http://hdl.handle.net/10072/43247
    Collection
    • Journal articles

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