Indian Journal of Education and Information Management

The PDF file you selected should load here if your Web browser has a PDF reader plug-in installed (for example, a recent version of Adobe Acrobat Reader).

If you would like more information about how to print, save, and work with PDFs, Highwire Press provides a helpful Frequently Asked Questions about PDFs.

Alternatively, you can download the PDF file directly to your computer, from where it can be opened using a PDF reader. To download the PDF, click the Download link above.

Fullscreen Fullscreen Off


This research addresses to study short-term performance of initial offering of stocks in Tehran's exchange market. Also, the relationship between some characteristics of companies upon (during) introduction into exchange market and short-term performance of initial offering of stocks is tested (examined). These characteristics which have been effective on the performance of initial offerings according to the previous investigations include economic value-added and the asset output (efficiency) rate. In this direction, 32 companies were selected among the companies accepted in the exchange market for the years 2003-2005. Also, regarding to that data analysis was using by panel method of the combined kind and by chaw and Hasman tests and the least squares and correlation coefficient and determinant coefficient : results obtained from this research showed that the criterion of properties' output (efficiency rate is a more appropriate criterion for performance assessment (evaluation) compared.

Keywords

Initial Offering of Stocks, Short-term Performance, Economic Value-added, Asset Output (efficiency) Rate
User
Notifications