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Long run underperformance of initial public offerings
Nenadál, Petr ; Marek, Petr (advisor) ; Podškubka, Tomáš (referee)
The content of this work is the long run underperformance of IPO. In the first part of this work, I focused on the IPO from the general point of view - what's IPO, the advantages and disadvantages of financing a business development through IPO, anomalies associated with the IPO, IPO probles. IPO concerning particular two anomalies. This work is presented the term of underperformance IPO, its nature and causes. In other lines, I focused on long run underperformance sources, characteristics and sensitivity of underperformance in calculated data based on the selected period. I tried to outline the long run problems with undeperformance of IPO in the U.S.. In the last paragraphs of work, I dealt with long run studies of underperformance in Germany, Turkey and Sweden. The aim of the study was to compare the long run underperformance in individual states and try to find its causes. In selecting the country I came especially from the availability of data and a priority for me were states of Europe. Finally, I selected countries compared with each other and evaluate the results of performance in the IPO.
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