Ýlk Halka Arzlarda Uzun Dönem Getirilerinin Yapay Sinir Aðlarý ile ÝMKB Ýçin Ampirik Bir Çalýþma

Ulas Unlu (), Birol Yildiz () and Abdullah Yalama ()
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Ulas Unlu: Nevsehir University
Birol Yildiz: Eskisehir Osmangazi University

Istanbul University Econometrics and Statistics e-Journal, 2009, vol. 10, issue 1, 29-47

Abstract: The purpose of this study is to estimate the long run IPO (Initial Public Offerings) returns using artificial neural network (ANN). In wide-ranging literature OLS (Ordinary Least Squares) is commonly preferred to estimate long run IPO returns. This study applies artificial neural network addition to OLS. As a result of comparing the performance of ANN and OLS, ANN has better estimation than OLS for long run IPO returns in Turkey.

Keywords: Initial public offerings; long-run performance; ANN; OLS; ISE (search for similar items in EconPapers)
JEL-codes: C52 G14 G39 (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ist:ancoec:v:10:y:2009:i:1:p:29-47

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