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Can a Company’s Pre-IPO return on Assets (ROA), Return on Equity (ROA) and Initial Returns Predict Post-IPO Performance?
Joseph K. Mutai
Journal of Finance and Economics
.
2020
, 8(3), 93-99 doi:10.12691/jfe-8-3-1
Table 1. Initial return performance
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Table 2. CAR for the twelve companies in study
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Table 3. Return on assets pre- and post-IPO for the companies in the study
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Table 4. Return on Equity pre- and post-IPO for the companies in the study
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Table 5. Regression results between pre- and post-IPO ROA and ROE
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Table 6. Correlations between initial return and long-run performance of companies
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