L’impact de l’admission à la cote sur les performances économiques des entreprises: Le cas du Nouveau Marché français

The operating performance of French IPO firms

Serve Stephanie

MPRA Paper from University Library of Munich, Germany

Abstract: This article investigates the change in operating performance of 115 firms that go public on the French New Market over the period 1996-2000. A significant decline in operating performance subsequent to the Initial Public Offering (IPO) is found. Companies appears to sustain sales growth but not capital expenditure after the IPO. Additionally, there is a significant negative relation between post-IPO change in operating performance and equity retention by the original ownership.

Keywords: French; initial public offerings; IPO; operating performance; ownership structure (search for similar items in EconPapers)
JEL-codes: G15 G32 (search for similar items in EconPapers)
Date: 2004-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:4304

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