Does Business Strategy hold the key to understanding Long-Run IPO Performance?
We look at 135 Initial Public Offerings, across 14 different industries, made on the Official List (OL) and the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) between 2004 & 2005. The purpose of this study was to look at the research undertaken on predicting post-flotatio...
| Main Author: | |
|---|---|
| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2008
|
| Subjects: | |
| Online Access: | https://eprints.nottingham.ac.uk/21807/ |
| _version_ | 1848792305313513472 |
|---|---|
| author | Weinberg, David Jeannot |
| author_facet | Weinberg, David Jeannot |
| author_sort | Weinberg, David Jeannot |
| building | Nottingham Research Data Repository |
| collection | Online Access |
| description | We look at 135 Initial Public Offerings, across 14 different industries, made on the Official List (OL) and the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) between 2004 & 2005. The purpose of this study was to look at the research undertaken on predicting post-flotation performance and introduce "Business Strategy" as a determinant variable. Using multiple regression analysis, we find that statistically, business strategy has only limited significance as an indicator of post-flotation success or failure, but find some evidence to suggest that "Revenue" and "Return on Assets" (ROA) as variables do find statistical significance in predicting short term performance. Furthermore we find that "Industry" also does not prove statistically significant in predicting post-flotation performance, but note that there are future opportunities to expand upon this initial research given greater resources and time. |
| first_indexed | 2025-11-14T18:42:17Z |
| format | Dissertation (University of Nottingham only) |
| id | nottingham-21807 |
| institution | University of Nottingham Malaysia Campus |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T18:42:17Z |
| publishDate | 2008 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | nottingham-218072018-02-16T19:00:38Z https://eprints.nottingham.ac.uk/21807/ Does Business Strategy hold the key to understanding Long-Run IPO Performance? Weinberg, David Jeannot We look at 135 Initial Public Offerings, across 14 different industries, made on the Official List (OL) and the Alternative Investment Market (AIM) of the London Stock Exchange (LSE) between 2004 & 2005. The purpose of this study was to look at the research undertaken on predicting post-flotation performance and introduce "Business Strategy" as a determinant variable. Using multiple regression analysis, we find that statistically, business strategy has only limited significance as an indicator of post-flotation success or failure, but find some evidence to suggest that "Revenue" and "Return on Assets" (ROA) as variables do find statistical significance in predicting short term performance. Furthermore we find that "Industry" also does not prove statistically significant in predicting post-flotation performance, but note that there are future opportunities to expand upon this initial research given greater resources and time. 2008 Dissertation (University of Nottingham only) NonPeerReviewed application/pdf en https://eprints.nottingham.ac.uk/21807/1/Dissertation_%5BFULL%5D-_FINAL.pdf Weinberg, David Jeannot (2008) Does Business Strategy hold the key to understanding Long-Run IPO Performance? [Dissertation (University of Nottingham only)] (Unpublished) Initial Public Offerings IPO Financial Accounting |
| spellingShingle | Initial Public Offerings IPO Financial Accounting Weinberg, David Jeannot Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title | Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title_full | Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title_fullStr | Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title_full_unstemmed | Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title_short | Does Business Strategy hold the key to understanding Long-Run IPO Performance? |
| title_sort | does business strategy hold the key to understanding long-run ipo performance? |
| topic | Initial Public Offerings IPO Financial Accounting |
| url | https://eprints.nottingham.ac.uk/21807/ |