Publicação
Private equity investment and the post-IPO performance: evidence from Brazil
| Resumo: | Using a dataset comprising 108 Initial Public Offerings (IPOs) between 2005 and 2014, in Brazil, this dissertation studies the influence of Private Equity’s investment in the companies’ post-IPO performance. Following Ritter’s (1991) methodology, two portfolios were created: one with Private Equity backed companies and another with no PE investment. Then, a “Buy and Hold” strategy was performed and the Cumulative Abnormal Returns (CAR) were studied. The main findings were that in this time span there is a loss in the stocks’ returns of companies with recent IPOs and that it is indifferent if the IPOs are Private Equity backed or not, regarding their long-run performance. |
|---|---|
| Autores principais: | Potes, Afonso Maria Themudo de Castro Sacavém |
| Assunto: | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| Ano: | 2019 |
| País: | Portugal |
| Tipo de documento: | dissertação de mestrado |
| Tipo de acesso: | acesso aberto |
| Instituição associada: | Universidade Nova de Lisboa |
| Idioma: | inglês |
| Origem: | Repositório Institucional da UNL |
| _version_ | 1868983326796152832 |
|---|---|
| author | Potes, Afonso Maria Themudo de Castro Sacavém |
| author_facet | Potes, Afonso Maria Themudo de Castro Sacavém |
| author_role | author |
| contributor_name_str_mv | Santos, Fábio Sampaio, Joelson Oliveira RUN |
| country_str | PT |
| creators_json_txt | [{\"Person.name\":\"Potes, Afonso Maria Themudo de Castro Sacavém\"}] |
| datacite.contributors.contributor.contributorName.fl_str_mv | Santos, Fábio Sampaio, Joelson Oliveira RUN |
| datacite.creators.creator.creatorName.fl_str_mv | Potes, Afonso Maria Themudo de Castro Sacavém |
| datacite.date.Accepted.fl_str_mv | 2019-01-21T00:00:00Z |
| datacite.date.available.fl_str_mv | 2019-05-24T10:00:34Z |
| datacite.date.embargoed.fl_str_mv | 2019-05-24T10:00:34Z |
| datacite.rights.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| datacite.subjects.subject.fl_str_mv | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| datacite.titles.title.fl_str_mv | Private equity investment and the post-IPO performance: evidence from Brazil |
| dc.contributor.none.fl_str_mv | Santos, Fábio Sampaio, Joelson Oliveira RUN |
| dc.creator.none.fl_str_mv | Potes, Afonso Maria Themudo de Castro Sacavém |
| dc.date.Accepted.fl_str_mv | 2019-01-21T00:00:00Z |
| dc.date.available.fl_str_mv | 2019-05-24T10:00:34Z |
| dc.date.embargoed.fl_str_mv | 2019-05-24T10:00:34Z |
| dc.format.none.fl_str_mv | application/pdf |
| dc.identifier.none.fl_str_mv | http://hdl.handle.net/10362/70652 |
| dc.language.none.fl_str_mv | eng |
| dc.rights.none.fl_str_mv | http://purl.org/coar/access_right/c_abf2 |
| dc.subject.none.fl_str_mv | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| dc.title.fl_str_mv | Private equity investment and the post-IPO performance: evidence from Brazil |
| dc.type.none.fl_str_mv | http://purl.org/coar/resource_type/c_bdcc |
| description | Using a dataset comprising 108 Initial Public Offerings (IPOs) between 2005 and 2014, in Brazil, this dissertation studies the influence of Private Equity’s investment in the companies’ post-IPO performance. Following Ritter’s (1991) methodology, two portfolios were created: one with Private Equity backed companies and another with no PE investment. Then, a “Buy and Hold” strategy was performed and the Cumulative Abnormal Returns (CAR) were studied. The main findings were that in this time span there is a loss in the stocks’ returns of companies with recent IPOs and that it is indifferent if the IPOs are Private Equity backed or not, regarding their long-run performance. |
| dirty | 0 |
| eu_rights_str_mv | openAccess |
| format | masterThesis |
| fulltext.url.fl_str_mv | https://run.unl.pt/bitstreams/d876788f-11a3-46d3-9cf7-5e338ab2c410/download |
| id | run_f0f26431c2dad8e577fc9be5ff499e48 |
| identifier.url.fl_str_mv | http://hdl.handle.net/10362/70652 |
| inst_facet_str | urn:organizationAcronym:unl{{{_:::_}}}Universidade Nova de Lisboa |
| instacron_str | unl |
| institution | Universidade Nova de Lisboa |
| instname_str | Universidade Nova de Lisboa |
| language | eng |
| network_acronym_str | run |
| network_name_str | Repositório Institucional da UNL |
| oai_identifier_str | oai:run.unl.pt:10362/70652 |
| organization_str_mv | urn:organizationAcronym:unl |
| person_str_mv | Potes, Afonso Maria Themudo de Castro Sacavém |
| publishDate | 2019 |
| repo_facet_str | urn:repositoryAcronym:run{{{_:::_}}}Repositório Institucional da UNL |
| reponame_str | Repositório Institucional da UNL |
| repository_id_str | urn:repositoryAcronym:run |
| service_str_mv | urn:repositoryAcronym:run |
| spelling | engpt_PTUsing a dataset comprising 108 Initial Public Offerings (IPOs) between 2005 and 2014, in Brazil, this dissertation studies the influence of Private Equity’s investment in the companies’ post-IPO performance. Following Ritter’s (1991) methodology, two portfolios were created: one with Private Equity backed companies and another with no PE investment. Then, a “Buy and Hold” strategy was performed and the Cumulative Abnormal Returns (CAR) were studied. The main findings were that in this time span there is a loss in the stocks’ returns of companies with recent IPOs and that it is indifferent if the IPOs are Private Equity backed or not, regarding their long-run performance.application/pdfpt_PTPrivate equity investment and the post-IPO performance: evidence from BrazilPotes, Afonso Maria Themudo de Castro SacavémSantos, FábioSampaio, Joelson OliveiraHostingInstitutionOrganizationalRUNe-mailmailto:run@unl.ptrun@unl.ptURNurn:tid:2022252672019-05-24T10:00:34Z2019-01-212019-01-21T00:00:00ZHandlehttp://hdl.handle.net/10362/70652http://purl.org/coar/access_right/c_abf2open accessCumulative abnormal returnsIPOPost-IPO performancePrivate equity505829 bytesliteraturehttp://purl.org/coar/resource_type/c_bdccmaster thesishttp://purl.org/coar/access_right/c_abf2application/pdffulltexthttps://run.unl.pt/bitstreams/d876788f-11a3-46d3-9cf7-5e338ab2c410/download |
| spellingShingle | Private equity investment and the post-IPO performance: evidence from Brazil Potes, Afonso Maria Themudo de Castro Sacavém Cumulative abnormal returns IPO Post-IPO performance Private equity |
| status | SINGLETON |
| subject.fl_str_mv | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| title | Private equity investment and the post-IPO performance: evidence from Brazil |
| title_full | Private equity investment and the post-IPO performance: evidence from Brazil |
| title_fullStr | Private equity investment and the post-IPO performance: evidence from Brazil |
| title_full_unstemmed | Private equity investment and the post-IPO performance: evidence from Brazil |
| title_short | Private equity investment and the post-IPO performance: evidence from Brazil |
| title_sort | Private equity investment and the post-IPO performance: evidence from Brazil |
| topic | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| topic_facet | Cumulative abnormal returns IPO Post-IPO performance Private equity |
| url | http://hdl.handle.net/10362/70652 |
| visible | 1 |