Ýlk Halka Arzlarda Uzun Dönem Getirilerinin Yapay Sinir Aðlarý ile ÝMKB Ýçin Ampirik Bir Çalýþma
AbstractThe 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.
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Bibliographic InfoArticle provided by Department of Econometrics, Faculty of Economics, Istanbul University in its journal Istanbul University Econometrics and Statistics e-Journal.
Volume (Year): 10 (2009)
Issue (Month): 1 (December)
Initial public offerings; long-run performance; ANN; OLS; ISE;
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