IMPACT OF INTERNAL GOVERNANCE MECHANISMS ON THE IPO LONG TERM PERFORMANCE

Adel Boubaker and Mediha Mezhoud ()
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Mediha Mezhoud: aculty of Science Economics and Management of Tunis

Review of Economic and Business Studies, 2012, issue 10, 129-146

Abstract: Our work provides an analysis of the role of internal mechanisms of governance in explaining the long run performance after IPO. Our study examined a sample of 85 IPO French companies, between 2005-2008. Our results show that the governance structure before the IPO does not affect very significantly the performance of IPOs French companies. Thus, we found the neutrality of the relationship between board independence and long-term performance. Our work contributes to develop these reports given the paucity of studies that led to find relationships between the mechanisms of governance and stock market performance during the years following the IPO.

Keywords: Ownership structure; Board of directors; IPO performance; CARs; BHARs (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:aic:revebs:y:2012:i:10:boubakera

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