dc.contributor.author | Schjoldager, Jonas Omdal | |
dc.contributor.author | Sandberg, Jonas Seglem | |
dc.date.accessioned | 2021-10-26T12:34:32Z | |
dc.date.available | 2021-10-26T12:34:32Z | |
dc.date.issued | 2021 | |
dc.identifier.uri | https://hdl.handle.net/11250/2825732 | |
dc.description | Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2021 | en_US |
dc.description.abstract | We study 117 IPOs in the Nordic countries from 2000 to 2015, investigating
whether there is an age-effect on firm performance, and the relationship between
long-term stock performance and firm age-at-IPO. We define long-term stock
performance as the firm’s five-year CAPM abnormal return relative to a portfolio
of peers. We find that there is a negative relationship between sales growth and
aging. Moreover, cash flow volatility and net profit margin seems to be somewhat
related to firm age-at-IPO. However, the results are not statistically significant at a
sufficient level. We also find no statistically significant relationship between
abnormal return and firm age at-IPO. Thus, we conclude that there is no evidence
of a relationship between long-term stock performance and firm age-at-IPO in the
Nordic countries in our sample. | en_US |
dc.language.iso | eng | en_US |
dc.publisher | Handelshøyskolen BI | en_US |
dc.subject | finans | en_US |
dc.subject | finance | en_US |
dc.title | A study of long-term stock performance and firm age-at-IPO in the Nordic countries | en_US |
dc.type | Master thesis | en_US |