1Assistant Professor in School of Management at Gautam Buddha University, Greater Noida, India
2Research Scholar in School of Management at Gautam Buddha University, Greater Noida, India
Online published on 8 November, 2017.
The purpose of this paper to throw a light on findings of past studies those were conducted in context of analysing long run performance of IPOs and identifying factors responsible for poor performance in long run. Apart from this to conclude relevancy of initial return with long run performance. Moreover to discuss future prospects aiming with to produce direction for future study in this domain.
This review consists of 42 empirical and conceptual studies published from 1991 to 2014 which are related to: a) long run performance of IPOs b) identifying factors responsible for worse performance c) impact of initial return on long run performance. The review of literature is in a chronological order and formed in precise table. This review serves for the third objective of my research study.
There is still scope to explore research work on the long run performance of IPOs. The economic factors could be explored in future research apart from issuers’ characteristics and IPO's characteristics related factors. Further, this dimension could be explored in developing economy as most evidences had been come forward from developed economy. This phenomenon assists to local and foreign investors who really want to invest or survive for a long time in capital market.
This is my original review paper which is based on second chapter of my thesis.
Review paper.
Initial public offerings (IPO), Long run performance, Variables and Initial return (IR)
