Click to login and read the full article.
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600
Abstract
This article examines the survival profile of Indian initial public offering (IPO) issuers for a period of two decades (1990–2010).The authors use a multinomial logit model to determine which factors influenced the post-issue transition of IPOs in India into survivors, nonsurvivors, or targets. Empirical analysis reveals that larger IPOs in India experience a lower probability of delisting, and higher underpricing increases the probability of failure or becoming a target. They also estimate the accelerated failure time model to confirm previous results. They find that the survival time for IPOs in information technology, manufacturing, and finance is negatively affected.
TOPICS: Security analysis and valuation, emerging, performance measurement
- © 2012 Pageant Media Ltd
Don’t have access? Click here to request a demo
Alternatively, Call a member of the team to discuss membership options
US and Overseas: +1 646-931-9045
UK: 0207 139 1600