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The short- and long-term performance of privatization initial public offerings in Europe

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  • Haykel Hamdi
  • Duc Khuong Nguyen
  • Hassan Obeid

Abstract

This article investigates the return behavior of privatization initial public offerings (PIPOs) in Europe over both the short- and long-run horizons. Using data from a sample of 162 PIPOs over the period 1986-2008, we show that European PIPOs outperform

Suggested Citation

  • Haykel Hamdi & Duc Khuong Nguyen & Hassan Obeid, 2014. "The short- and long-term performance of privatization initial public offerings in Europe," Working Papers 2014-241, Department of Research, Ipag Business School.
    • Handle: RePEc:ipg:wpaper:2014-241
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    References listed on IDEAS

    as
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    Keywords

    privatization IPOs; short- and long-run performance; CAR; BHAR.;
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