The long run performance of initial public offerings: Evidence from the Philippine market covering the period 1997-2004

• Main Author: Aquino, Ana Kristina D.
• Format: text
• Language: English
• Published: Animo Repository 2008
• Subjects: Going public (Securities) > Philippines; Stocks > Prices > Philippines; Finance and Financial Management
• Online Access: https://animorepository.dlsu.edu.ph/etd_bachelors/18433
• Institution: De La Salle University

This paper investigates the long run performance of initial public offerings (IPO) in the Philippines from 1997 to 2004. In particular, the study investigates whether the underperformance anomaly, as reflected by subsequent decrease of stock prices and negative returns, exists in Philippine market....