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Zabihianamiri, Faezeh
- Studying the Assessment of Short-term Performance of Initial Offering of Stocks in Tehran's Exchange Market
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Authors
Affiliations
1 Management Department, Azad Islamic University in Babol, IR
1 Management Department, Azad Islamic University in Babol, IR
Source
Indian Journal of Education and Information Management, Vol 1, No 12 (2012), Pagination: 541-548Abstract
This research addresses to study short-term performance of initial offering of stocks in Tehran's exchange market. Also, the relationship between some characteristics of companies upon (during) introduction into exchange market and short-term performance of initial offering of stocks is tested (examined). These characteristics which have been effective on the performance of initial offerings according to the previous investigations include economic value-added and the asset output (efficiency) rate. In this direction, 32 companies were selected among the companies accepted in the exchange market for the years 2003-2005. Also, regarding to that data analysis was using by panel method of the combined kind and by chaw and Hasman tests and the least squares and correlation coefficient and determinant coefficient : results obtained from this research showed that the criterion of properties' output (efficiency rate is a more appropriate criterion for performance assessment (evaluation) compared.Keywords
Initial Offering of Stocks, Short-term Performance, Economic Value-added, Asset Output (efficiency) RateFull Text
References
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