Can firm specific variables predict unique risk in the Ipo market ?
Author
al-Jabali, Isam al-Din Muhammad Ali
Source
Arab Journal of Administrative Sciences
Issue
Vol. 23, Issue 1 (31 Jan. 2016), pp.89-114, 26 p.
Publisher
Kuwait University Academic Publication Council
Publication Date
2016-01-31
Country of Publication
Kuwait
No. of Pages
26
Main Subjects
Economics & Business Administration
Topics
Abstract EN
This paper examines the relationship between pre-IPO firm variables and after-market residual risk of the market-model in Egyptian IPOs issued over the 1994 2009 period.
It emphasizes the use of conditional (GARCH (1,1)) variance as the suitable measure of unique risk over one, three, and five years after listing.
The paper finds that firm size, institutional ownership, insider ownership, and assets growth rate variables are the main determinants of IPO shares unique risk.
American Psychological Association (APA)
al-Jabali, Isam al-Din Muhammad Ali. 2016. Can firm specific variables predict unique risk in the Ipo market ?. Arab Journal of Administrative Sciences،Vol. 23, no. 1, pp.89-114.
https://search.emarefa.net/detail/BIM-814048
Modern Language Association (MLA)
al-Jabali, Isam al-Din Muhammad Ali. Can firm specific variables predict unique risk in the Ipo market ?. Arab Journal of Administrative Sciences Vol. 23, no. 1 (Jan. 2016), pp.89-114.
https://search.emarefa.net/detail/BIM-814048
American Medical Association (AMA)
al-Jabali, Isam al-Din Muhammad Ali. Can firm specific variables predict unique risk in the Ipo market ?. Arab Journal of Administrative Sciences. 2016. Vol. 23, no. 1, pp.89-114.
https://search.emarefa.net/detail/BIM-814048
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 110-114
Record ID
BIM-814048
