This study was conducted to analyze the short and long run price performance of IPOs in Bangladesh. Based on a sample of 163 IPOs that were issued during the period between 1992 and 2006, this study documents short run out-performance and long run underperformance of IPOs in the secondary...

Dhaka Stock Exchange Ltd. is one of the barometers of Bangladesh Economy. The DSE has become the common buzz in the mind of the people of the Bangladesh for the functionality and different positive and negative event. Recently it is going through a reengineering process to become a systematic...

This study shows how stock market reacts to rating change announcements where confounding effects of information spillover from related markets are absent. Contrary to existing literature, we find that the stock market reacts positively to a rating upgrade and no response to downgrade. Our...