Initial and long-term price performance of initial public offerings: Turkish experience 1990-1993

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buir.advisorYüce, Ayşe
dc.contributor.authorYavuz, Z. Nurşin
dc.date.accessioned2016-01-08T20:13:28Z
dc.date.available2016-01-08T20:13:28Z
dc.date.issued1996
dc.descriptionAnkara : The Graduate School of Business Administration of Bilkent Univ., 1996.en_US
dc.descriptionThesis (Master's) -- İhsan Doğramacı Bilkent University, 1996.en_US
dc.descriptionIncludes bibliographical references (leaves 45-48).en_US
dc.description.abstractThe purpose of this study is to examine both the initial and medium-long term price performance of initial public offerings in Istanbul Stock Exchange during the continuous 1990-1993 period. In the light of the findings, initial public offerings are found to be underpriced meaning that investors in initial public offering market can exercise significant short-term returns relative to the market. In addition, in the whole period, the effect of this initial underpricing continues up to the second month. However, when we look at the long-term results, it is seen that IPOs underperformed the market although the results are not significant. As a result, investors in the IPO merket can exercise initial abnormal returns but in the long-run they produce a negative return although not significant.en_US
dc.description.provenanceMade available in DSpace on 2016-01-08T20:13:28Z (GMT). No. of bitstreams: 1 1.pdf: 78510 bytes, checksum: d85492f20c2362aa2bcf4aad49380397 (MD5)en
dc.description.statementofresponsibilityYavuz, Z. Nurşinen_US
dc.format.extentv, 48 leaves, tables ; 30 cmen_US
dc.identifier.urihttp://hdl.handle.net/11693/17793
dc.language.isoEnglishen_US
dc.rightsinfo:eu-repo/semantics/openAccessen_US
dc.subject.lccHG5706.5.I88 Y38 1996en_US
dc.subject.lcshGoing public (Securities).en_US
dc.subject.lcshSecurities--Turkey.en_US
dc.subject.lcshStocks--Prices--Turkey.en_US
dc.subject.lcshStock exchanges--Turkey.en_US
dc.subject.lcshCorporations--Turkey--Finance.en_US
dc.titleInitial and long-term price performance of initial public offerings: Turkish experience 1990-1993en_US
dc.title.alternativeHalka açılan şirketlerin kısa ve uzun dönem fiyat performansları:Türkiye örneği 1990-1993en_US
dc.typeThesisen_US
thesis.degree.disciplineBusiness Administration
thesis.degree.grantorBilkent University
thesis.degree.levelMaster's
thesis.degree.nameMBA (Master of Business Administration)

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