The effect of geographic dispersion on the initial and long-run ipo performance

Name: The effect of geographic dispersion on the initial and long-run ipo performance
Author: Özdemir, Özgür

İsim	The effect of geographic dispersion on the initial and long-run ipo performance
Yazar	Özdemir, Özgür
Basım Tarihi:	2017-09
Basım Yeri	- Sage
Konu	Initial public offering, Stock returns, Valuation, Geographic dispersion
Tür	Süreli Yayın
Dil	İngilizce
Dijital	Evet
Yazma	Hayır
Kütüphane:	Özyeğin Üniversitesi
Demirbaş Numarası	1096-3480
Kayıt Numarası	29a6c334-58c0-41d2-bc77-d8f3257933e3
Lokasyon	Hotel Management
Tarih	2017-09
Notlar	Due to copyright restrictions, the access to the full text of this article is only available via subscription.
Örnek Metin	This study examines the effect of geographic dispersion on the short-run and long-run initial public offering (IPO) performance of restaurant firms. Sample of the study consists of 103 restaurant IPOs conducted between 1981 and 2011. The study finds that being geographically dispersed or concentrated in a small area does not lead to a significant difference in the initial returns of restaurant IPOs. Yet the analysis shows that restaurant firms with geographically dispersed operations have significantly higher long-run returns in the post-IPO period compared with their local counterparts. This is evidenced by the significantly larger cumulative abnormal returns for geographically dispersed restaurant firms in the post-IPO period.
DOI	10.1177/1096348014563395
Cilt	41

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The effect of geographic dispersion on the initial and long-run ipo performance

Yazar Özdemir, Özgür

Basım Tarihi 2017-09

Basım Yeri - Sage

Konu Initial public offering, Stock returns, Valuation, Geographic dispersion

Tür Süreli Yayın

Dil İngilizce

Dijital Evet

Yazma Hayır

Kütüphane Özyeğin Üniversitesi

Demirbaş Numarası 1096-3480

Kayıt Numarası 29a6c334-58c0-41d2-bc77-d8f3257933e3

Lokasyon Hotel Management

Tarih 2017-09

Notlar Due to copyright restrictions, the access to the full text of this article is only available via subscription.

Örnek Metin This study examines the effect of geographic dispersion on the short-run and long-run initial public offering (IPO) performance of restaurant firms. Sample of the study consists of 103 restaurant IPOs conducted between 1981 and 2011. The study finds that being geographically dispersed or concentrated in a small area does not lead to a significant difference in the initial returns of restaurant IPOs. Yet the analysis shows that restaurant firms with geographically dispersed operations have significantly higher long-run returns in the post-IPO period compared with their local counterparts. This is evidenced by the significantly larger cumulative abnormal returns for geographically dispersed restaurant firms in the post-IPO period.

DOI 10.1177/1096348014563395

Cilt 41