IPO’s Short- and Long-term Performance Current Evidence for Switzerland

2015 ◽  
Author(s):  
Giorgio P. Ciocca ◽  
Robert Gutsche ◽  
Andreas Grüner
Keyword(s):  
Current Evidence ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance

scholarly journals Introduction

2018 ◽  
pp. xiv-24
Author(s):  
Douglas Cumming ◽  
Sofia Johan
Keyword(s):  
Initial Public Offerings ◽  
Service Providers ◽  
Investment Banks ◽  
Public Offerings ◽  
Reverse Mergers ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance ◽  
Special Purpose Acquisition Companies

The worldwide landscape for raising firm capital from Initial Public Offerings (IPOs) has significantly evolved over the last few decades. This introductory chapter reviews more recent research on initial public offerings. The Oxford Handbook of IPOs comprises twenty-nine chapters from authors around the world. The chapters describe the economics of going public, short- and long-term performance of IPOs, regulation of IPOs, IPOs versus acquisitions, reverse mergers, special purpose acquisition companies, service providers including investment banks and auditors, venture capital funds, international differences in IPOs, and crowdfunding. The Introduction summarizes the chapters that appear in the Handbook and highlight research trends on topic.

Help us to help you

2019 ◽  
Vol 35 (10) ◽  
pp. 29-30
Keyword(s):  
Asia Pacific ◽  
Asia Pacific Region ◽  
Content Type ◽  
Pertinent Information ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Performance Gains ◽  
Term Performance ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings Hotels in the Asia-Pacific region have yet to fully utilize social media to promote their CSR initiatives. This means there is huge potential for improved stakeholder engagement, leading to short- and long-term performance gains. Originality The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Trade-off between value creation and value appropriation?

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Cleo Schmitt Silveira ◽  
Marta Olivia Rovedder de Oliveira ◽  
Rodrigo Heldt ◽  
Fernando Bins Luce
Keyword(s):  
Value Creation ◽  
Generalized Method Of Moments ◽  
Impulse Response Functions ◽  
Value Appropriation ◽  
Trade Off ◽  
Content Type ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance

PurposeManagers face the challenge of balancing resources needed to support value creation and value appropriation. In this study the authors analyze the impacts of innovation investments (i.e. value creation: VC) on advertising expenditures (i.e. value appropriation: VA), and vice versa, and verify the effects of these options on short- and long-term performance.Design/methodology/approachThe effects of these two activities on short- and long-term performance were analyzed observing a panel of 4,090 companies of Standard and Poor's Compustat database from a 40-year period. The authors adopted the panel vector autoregressive (VAR) approach, using the generalized method of moments (GMM).FindingsAlthough there is a trade-off between the strategic emphases on creating and appropriating value, there is also a synergy between them. The results from the impulse response functions support the argument for a virtuous business circle: companies that choose to intensify their investments in R&D tend to increase advertising expenditures, and vice versa.Practical implicationsManagers, rather than having to deal with a trade-off between allocating resources either on VC or VA activities, can capitalize on synergetic benefits resulting from the interaction among them.Originality/valueThe relationship between the VC and VA activities transcends the trade-off imposed by resource restrictions, since the interaction between them creates additional benefits afforded by the synergy of these activities.

Laboratory evaluation of short and long term performance of hot-poured sealants

2017 ◽  
Vol 148 ◽  
pp. 30-37 ◽  
Author(s):  
Feng Li ◽  
Siqi Zhou ◽  
Wenyuan Cai ◽  
Yuchuan Du ◽  
Li Li
Keyword(s):  
Laboratory Evaluation ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance

scholarly journals IPOs Performance Analysis: Evidence from Emerging Markets in the Balkans

2016 ◽  
Vol 63 (3) ◽  
pp. 381-389 ◽  
Author(s):  
Goran Karanović ◽  
Bisera Karanović
Keyword(s):  
Emerging Markets ◽  
Initial Public Offerings ◽  
Public Offerings ◽  
The Balkans ◽  
Financial Variables ◽  
Balkan Countries ◽  
Short And Long Term ◽  
Long Term Performance ◽  
Term Performance

Abstract The main purpose of this paper is to investigate the performance of initial public offerings (IPOs) in the emerging markets with particular focus on the markets of Balkan countries. The paper provides analysis of long and short performance of IPOs. In the Balkan emerging markets IPOs are relatively rarely used. Although all observed Balkan countries have gone through processes of transition from planned economies to market economies in the past 25 years, just a few state-owned companies have been privatized by use of IPOs. Due to this specific nature of the companies the analyzed sample of IPOs is comprised of state-owned and non-state-owned companies. The results are interpreted and expounded accordingly, taking into consideration the aforementioned conjunction. The findings indicate that company characteristics, signalling variables and financial variables have influence on the IPOs short and long term performance. The paper provides academia and policymakers with new revelations concerning the IPO processes in Balkan emerging economies’ capital markets.

scholarly journals Comparación de las variaciones de la composición corporal entre judokas y luchadores hidratados Vs deshidratados (Comparison of body composition variations between hydrated and dehydrated judokas and wrestler)

Retos ◽  
2017 ◽  
pp. 10-13
Author(s):  
Bibiana Calvo Rico ◽  
Luis Fernandes Monteiro ◽  
Susana Aznar Laín ◽  
José Manuel García García
Keyword(s):  
Body Composition ◽  
Detrimental Effect ◽  
El Sistema ◽  
Kolmogorov Smirnov ◽  
Short And Long Term ◽  
Optimal Values ◽  
Mean Differences ◽  
Long Term Performance ◽  
Term Performance

El propósito de este estudio fue conocer cómo se modifican los parámetros de composición corporal en deportes como judo y lucha, ambos deportes divididos por categorías de peso en los cuales, de manera habitual se producen desórdenes alimentarios y continuas deshidrataciones para la búsqueda del peso de competición. Igualmente se trató de conocer si existían diferencias entre hombres y mujeres en esta práctica y diferencias entre ambos deportes. Para ello, se utilizó el sistema Inbody Biospace 230 (CA,USA) a una muestra de élite nacional de judo y lucha del equipo español y portugués de 64 deportistas (n=64). El análisis estadístico se ejecutó mediante las pruebas: Kolmogorov-Smirnov y t de students para analizarlas diferencias de medias. Los resultados y conclusiones del estudio demostraron entre otros, que el número de atletas que se encontraban deshidratados en el momento pre-competitivo es mayor que los que están en valores óptimos de hidratación, sometiendo al organismo a constantes esfuerzos y cambios, pudiendo ser este un efecto perjudicial a corto y largo plazo en el rendimiento para el atleta, tanto en el entrenamientos como para la propia competición.Abstract. The aim of this study was to determine how body composition parameters are modified in judo and wrestling. Both disciplines are organized by weight categories, this regularly leading to eating disorders and continuous dehydration in order to reach the needed competition weight. Also, this paper aims to understand whether there exist differences in this practice by gender and by sports discipline. A Biospace Inbody 230 system (CA, USA) was employed on a sample of 64 national elite judo and wrestling athletes from Spain and Portugal. Statistical analysis was performed using Kolmogorov-Smirnov and student t tests, which analyze mean differences. The findings and conclusions of the study showed a higher number of dehydrated athletes than those in optimal values of hydration during the pre-competitive period. This condition pushes athletes’ body to constant efforts and changes, possibly determining a detrimental effect on their short- and long-term performance, both in training and competitions.

scholarly journals Market valuation and acquiring firm performance in the short and long term: Out-of-sample evidence from Spain

2020 ◽  
Vol 23 (1) ◽  
pp. 234094442090104
Author(s):  
José E. Farinós ◽  
Begoña Herrero ◽  
Miguel A. Latorre
Keyword(s):  
Jel Classification ◽  
Target Firm ◽  
Listed Firms ◽  
Market Sentiment ◽  
Out Of Sample ◽  
Short And Long Term ◽  
The Moment ◽  
Long Term Performance ◽  
Term Performance

We investigate bidder’s short- and long-term performance in periods of high and low valuation market in response to announcements of acquisitions carried out by Spanish listed firms over the period 1991–2016. We find that acquirers of unlisted targets fully react at the announcement date in high valuation periods, meanwhile the underreaction of listed target bidders at the moment of the announcement in low valuation markets is the result of return continuations. In addition, we find that the market reaction do not depend on recent merger history. Therefore, we provide evidence that bidder reaction to acquisitions is not consistent with the predictions of market sentiment (optimism) after controlling for the listing status of the target firm, not supporting, for a thinner market as the Spanish one, the evidence observed in US and UK markets. JEL CLASSIFICATION G14; G34; L33; D81

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