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The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan

This study will focus on the long-term performance of initial public offerings in New Zealand for five years or 60 periods and three years of 36 periods from 1995 to 2004. This paper will analyze on 40 of IPOs companies that listed in 60 periods and 19 of IPOs companies that listed in 36 periods of...

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Main Author: Sapuan, Arizza
Format: Student Project
Language:English
Published: 2004
Subjects:
Securities. Fixed-income securities
Online Access:http://ir.uitm.edu.my/id/eprint/33426/1/33426.pdf
http://ir.uitm.edu.my/id/eprint/33426/
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spelling my.uitm.ir.334262020-09-28T01:56:12Z http://ir.uitm.edu.my/id/eprint/33426/ The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan Sapuan, Arizza Securities. Fixed-income securities This study will focus on the long-term performance of initial public offerings in New Zealand for five years or 60 periods and three years of 36 periods from 1995 to 2004. This paper will analyze on 40 of IPOs companies that listed in 60 periods and 19 of IPOs companies that listed in 36 periods of New Zealand Stock Exchange (NZSE). NZSE 40 was used as a benchmark in evaluating share price performance. The objective of this study is to determine the long term performance of IPOs. This is in order to find out whether the New Zealand IPOs are under perform or over perform the market for the long run. Abnormal Return and Buy-and-hold Abnormal Return has been used to determine the long run performance of IPOs. Also used t-statistics skewness adjusted to see the significant of the IPOs. The result show that the performance of returns on all IPOs companies has no significant to the returns on the market for each period either 60 periods or 36 periods. So, I conclude that all IPOs companies do not under perform the market and it's comparable to the market as a benchmark. 2004 Student Project NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/33426/1/33426.pdf Sapuan, Arizza (2004) The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan. [Student Project] (Unpublished)
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Securities. Fixed-income securities
spellingShingle Securities. Fixed-income securities
Sapuan, Arizza
The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
description This study will focus on the long-term performance of initial public offerings in New Zealand for five years or 60 periods and three years of 36 periods from 1995 to 2004. This paper will analyze on 40 of IPOs companies that listed in 60 periods and 19 of IPOs companies that listed in 36 periods of New Zealand Stock Exchange (NZSE). NZSE 40 was used as a benchmark in evaluating share price performance. The objective of this study is to determine the long term performance of IPOs. This is in order to find out whether the New Zealand IPOs are under perform or over perform the market for the long run. Abnormal Return and Buy-and-hold Abnormal Return has been used to determine the long run performance of IPOs. Also used t-statistics skewness adjusted to see the significant of the IPOs. The result show that the performance of returns on all IPOs companies has no significant to the returns on the market for each period either 60 periods or 36 periods. So, I conclude that all IPOs companies do not under perform the market and it's comparable to the market as a benchmark.
format Student Project
author Sapuan, Arizza
author_facet Sapuan, Arizza
author_sort Sapuan, Arizza
title The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
title_short The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
title_full The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
title_fullStr The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
title_full_unstemmed The performance of New Zealand initial public offerings (IPOs): 1995-2000 / Arizza Sapuan
title_sort performance of new zealand initial public offerings (ipos): 1995-2000 / arizza sapuan
publishDate 2004
url http://ir.uitm.edu.my/id/eprint/33426/1/33426.pdf
http://ir.uitm.edu.my/id/eprint/33426/
_version_ 1685651057961598976
score 13.211869

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