Allen, D. E.; Morkel-Kingsbury, N. J.; Piboonthanakiat, W. - In: Applied Financial Economics 9 (1999) 3, pp. 215-232
This paper analyses the long-run performance of initial public offerings (IPOs) on the Thai Stock Exchange. It uses a sample of 150 IPOs listed on the Thai Stock Exchange Main Board between 1985 and 1992. The initial return is 63.49%. The cumulative adjusted return at the end of the three-year...
