Short Term IPO Returns In Stock Exchange Of Thailand: The Study In 2003-2013
Short Term IPO Returns In Stock Exchange Of Thailand: The Study In 2003-2013
| au.link.externalLink | [Full Text] (http://www.ijtef.org/index.php?m=content&c=index&a=show&catid=68&id=768) | |
| dc.contributor.author | Marisa Laokulrach | |
| dc.date.accessioned | 2018-06-18T07:48:18Z | |
| dc.date.available | 2018-06-18T07:48:18Z | |
| dc.date.issued | 2015 | |
| dc.description.abstract | This 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. | |
| dc.format.extent | 6 pages | en_US |
| dc.format.mimetype | application/pdf | en_US |
| dc.identifier.citation | International Journal of Trade, Economics and Finance, Vol. 6, No. 2, April 2015, 106-111 | en_US |
| dc.identifier.uri | https://repository.au.edu/handle/6623004553/21077 | |
| dc.language.iso | eng | en_US |
| dc.rights.holder | Marisa Laokulrach | en_US |
| dc.subject | Abnormal returns | |
| dc.subject | First trading day return | |
| dc.subject | IPO | |
| dc.subject | Stock exchanges -- Thailand | |
| dc.title | Short Term IPO Returns In Stock Exchange Of Thailand: The Study In 2003-2013 | en_US |
| dc.type | Text | en_US |
| mods.genre | Article | en_US |
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