Browsing by Author "Marisa Laokulrach"
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ItemThe performance of initial public offerings: the Thai stock markets evidence
ItemShort Term IPO Returns In Stock Exchange Of Thailand: The Study In 2003-2013( 2015) Marisa LaokulrachThis study examines the short term performance of initial public offering (IPO) in capital market of Thailand from 2003-2013. The daily price data is used in this study to identify the short term returns of IPO of the first trading day until the day that abnormal return cannot be earned. The results confirm the abnormal returns of the first trading day of IPO and also identify that their outperformance returns remain until day 246 after the market. IPO of four industries which are financial, service, resources, and technology outperform the market, while the other four industries which are agro and food, consumer products, industrials, and property and construction do not provide significant abnormal returns.