IDEAS home Printed from https://ideas.repec.org/a/ris/jofitr/1399.html
   My bibliography  Save this article

Who benefits from market integration? A comparative study of Yankee IPOs from high and low integrated markets

Author

Listed:

Abstract

We present comparative analyses of the aftermarket performance of Yankee IPOs from high and low integrated markets over the 1990-2005 period. The analyses indicate that Yankee IPOs from less integrated markets experience greater improvements in operating and stock performances than those from more integrated markets during the first three years after going public. The significant improvement in performance of Yankee IPOs from low integrated markets persists after controlling for country, IPO, and firm characteristics. The findings of our study support the benefits of market integration and suggest that firms from low integrated markets enjoy greater benefits from entering into high integrated markets than those from high integrated markets.

Suggested Citation

  • Pukthuanthong, Kuntara, 2009. "Who benefits from market integration? A comparative study of Yankee IPOs from high and low integrated markets," Journal of Financial Transformation, Capco Institute, vol. 26, pages 116-130.
    • Handle: RePEc:ris:jofitr:1399
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Keywords

    IPO aftermarket performance; Yankee IPOs;

    JEL classification:

    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:jofitr:1399. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Prof. Shahin Shojai (email available below). General contact details of provider: http://www.capco.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.