The Post-Issue Performance of IPO Firms when Banking Is Concentrated and Universal
We study the post-IPO performance of Israeli manufacturing firms during teh period 1991-4, finding a decline in profitability and an increase in General and Adminstrative Expenses normalized by sales (GAE), reflecting managerial waste.
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|Date of creation:||1996|
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Web page: http://econ.tau.ac.il/foerder/about
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