Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange
It is essential to understand the behavior of initial offerings in comparison with other firms in different periods of recession and prosperity of stock market, considering three indicators of performance, i.e. return, risk and liquidity. The focus of this study is performance evaluation of newly li...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EconJournals
2017-03-01
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| Series: | International Journal of Economics and Financial Issues |
| Subjects: | |
| Online Access: | https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353182?publisher=http-www-cag-edu-tr-ilhan-ozturk |
| _version_ | 1797921979327578112 |
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| author | Mehdi Alikhani Mehrjardi Mohammad Ghadamyari Yousef Mahboobi |
| author_facet | Mehdi Alikhani Mehrjardi Mohammad Ghadamyari Yousef Mahboobi |
| author_sort | Mehdi Alikhani Mehrjardi |
| collection | DOAJ |
| description | It is essential to understand the behavior of initial offerings in comparison with other firms in different periods of recession and prosperity of stock market, considering three indicators of performance, i.e. return, risk and liquidity. The focus of this study is performance evaluation of newly listed stocks considering above indicators in different periods of recession and prosperity. For this purpose, 317 active firms which were not consistently inactive for three months or traded by March 20, 2006 were studied. Based on the suggested model, performance of the newly listed stocks was evaluated simultaneously based on three indicators of performance. Then, performance of the newly listed stocks was evaluated individually based on those three indicators. Through MANOVA, performance of the newly listed stocks was evaluated better than other stocks. |
| first_indexed | 2024-04-10T14:25:14Z |
| format | Article |
| id | doaj.art-9063b39d05064cb2875630496095ff16 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:25:14Z |
| publishDate | 2017-03-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-9063b39d05064cb2875630496095ff162023-02-15T16:09:09ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382017-03-01712492541032Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock ExchangeMehdi Alikhani MehrjardiMohammad GhadamyariYousef MahboobiIt is essential to understand the behavior of initial offerings in comparison with other firms in different periods of recession and prosperity of stock market, considering three indicators of performance, i.e. return, risk and liquidity. The focus of this study is performance evaluation of newly listed stocks considering above indicators in different periods of recession and prosperity. For this purpose, 317 active firms which were not consistently inactive for three months or traded by March 20, 2006 were studied. Based on the suggested model, performance of the newly listed stocks was evaluated simultaneously based on three indicators of performance. Then, performance of the newly listed stocks was evaluated individually based on those three indicators. Through MANOVA, performance of the newly listed stocks was evaluated better than other stocks.https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353182?publisher=http-www-cag-edu-tr-ilhan-ozturkinitial public offering return risk liquidity |
| spellingShingle | Mehdi Alikhani Mehrjardi Mohammad Ghadamyari Yousef Mahboobi Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange International Journal of Economics and Financial Issues initial public offering return risk liquidity |
| title | Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange |
| title_full | Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange |
| title_fullStr | Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange |
| title_full_unstemmed | Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange |
| title_short | Performance Evaluation of Return, Risk and Liquidity of Firms Newly Listed in Tehran Stock Exchange |
| title_sort | performance evaluation of return risk and liquidity of firms newly listed in tehran stock exchange |
| topic | initial public offering return risk liquidity |
| url | https://dergipark.org.tr/tr/pub/ijefi/issue/32002/353182?publisher=http-www-cag-edu-tr-ilhan-ozturk |
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