期刊名称：International Journal of Economics and Empirical Research (IJEER)
印刷版ISSN：2311-3871
电子版ISSN：2310-5232
出版年度：2015
卷号：3
期号：7
页码：320-326
出版社：The Economics and Social Development Organization (TESDO)
摘要：Purpose: This empirical study documents the evidence of initial excess return to the investors who invest in the IPO. Methodology: By using CAR, the findings show underperformance of IPO both in short run and long run in Pakistan. Findings: The results are consistent with the expectations and prior studies’ findings done in other countries of the world. Recommendations: The study contributes to corporate finance literature and provides a substantial evidence of IPO under-pricing in Pakistan.
