Guirguis, Hany; Onochie, Joseph; Rosen, Harry - In: Journal of Economics and Finance 25 (2001) 2, pp. 194-205
This paper investigates the post-offering performance of initial public offerings in the health care industry in a sample of 223 IPOs issued between 1985 and 1996. Statistically insignificant abnormal returns for IPOs relative to matched control firms and risk-adjusted health care index are...