Please use this identifier to cite or link to this item:
http://archive.cmb.ac.lk:8080/xmlui/handle/70130/6203| Title: | MULTI FACTOR EXPLANATION TO IPO LONG RUN UNDERPERFORMANCE ANOMALY: SRI LANKAN EVIDENCE |
| Authors: | Ediriwickrama, T.C. Azeez, A.A. |
| Keywords: | CSE Initial public offerings long run underperformance Sri Lanka |
| Issue Date: | 2015 |
| Citation: | Ediriwickrama, T.C & Azeez, A.A. (2015). Multifactor explanation to IPO long run underperformance anomaly: Sri Lankan Evidence. The International Journal of Accounting and Business Society. 23 (2), p17-32. |
| Abstract: | This paper focuses on IPO long run underperformance anomaly and the application of calendar time techniques to dissect anomalous behavior of IPO stocks. More specifically this paper will provide fresh evidence on how multi factor models work on a specific type of security (IPO stocks in this scenario) in an emerging market like Sri Lanka. It is analyzed IPOs over a period from 2000 to 2012 on Colombo Stock Exchange (CSE). Main finding of the study is that traditional market beta still remains strong despite the employment of latest multi factor models. |
| URI: | http://archive.cmb.ac.lk:8080/xmlui/handle/70130/6203 |
| Appears in Collections: | Department of Commerce & Finance |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Ediriwickrama & Azeez (2015).pdf | 264.61 kB | Adobe PDF | View/Open |
Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.