文章基本信息

标题：The Performance of IPOs in Istanbul Stock Exchange in Year 2000
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作者：Suat TEKER ; Ömer EKİT
期刊名称：Dogus University Journal
印刷版ISSN：1302-6739
电子版ISSN：1308-6979
出版年度：2003
卷号：4
期号：1
页码：117-128
语种：
出版社：Dogus University
摘要：Initial public offering (IPO) may be the lowest cost financing for firms to obtain funds from small and institutional investors. The commissions, fees and other related expenses incurred are considerably small compared to those of short or long term loan or bond financing. This empirical study examines the performance of all IPOs in Istanbul Stock Exchange during the year of 2000. The study employs standard event study methodology for 34 IPOs over a 30 day event window. The empirical findings are consistent with most of the previous literature. The results support that the first two days of IPOs generally provide positive abnormal returns.