The Post-Issue Performance of IPO Firms when Banking Is Concentrated and Universal

H. Ber, Y. Yafeh and O. Yosha

Working Papers from Tel Aviv

Abstract: We study the post-IPO performance of Israeli manufacturing firms during teh period 1991-4, finding a decline in profitability and an increase in General and Adminstrative Expenses normalized by sales (GAE), reflecting managerial waste.

Keywords: BANKING; FINANCIAL MARKET (search for similar items in EconPapers)
JEL-codes: G10 G12 G24 (search for similar items in EconPapers)
Pages: 26 pages
Date: 1996
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:fth:teavfo:26-96

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