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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title Age of an enterprise at IPO and the impact on the short- and long-term yield of a stock
Organization Unit
Authors
  • Jeremy Fridlin
Supervisors
  • Michel Habib
  • Yanjie Wang
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 56
Date 2021
Abstract Text The empirical analysis of the underlying thesis showed that there is a significant correlation measurable for the abnormal aftermarket returns of US companies (2005-2015) grouped into similar ages compared to the rest of the dataset. Additionally, it was shown that this significant correlation does differ amongst different industry sectors. It concludes that there might be an optimal age for companies to go public and to use the raised equity in the best possible way, therefore generating an abnormal return in the first three to five years on the market. The four sectors that were examined were technology, manufacturing, service, and trade.
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