| Title |
The impact of external and internal factors on post-ipo performance of the us technology companies before and after covid-19 / |
| Translation of Title |
Išorės ir vidaus veiksnių poveikis JAV technologijų įmonių po IPO veiklai prieš ir po Covid-19. |
| Authors |
Liakh, Olga |
| Full Text |
|
| Pages |
84 |
| Keywords [eng] |
IPO, Post-IPO performance, Technological companies, Impact of Internal factors on post-IPO performance, Impact of External factors on post-IPO performance, COVID-19 |
| Abstract [eng] |
This paper examines how different external and internal factors influenced the IPO performance of technology companies both before and after the detrimental impact of COVID-19 on the global economy. The analysis is conducted from both short-term and long-term perspectives using Ordinary Least Squares regression. The results of the Ordinary Least Squares regressions provide evidence that Underwriter Rating and Offer Size had a positive impact on the 1st day Initial Return for 2017-2019 years. Conversely, EBITDA Margin Ratio and Consumer Price Index had a negative impact on the initial return on the 1st day Initial Return for 2020-2021 years. Furthermore, the S&P500 and Consumer Price Index exhibited a negative relationship with the 6th month Initial Return. The author believes that the empirical results of the study will bring benefits to investors in making informed investment decisions, as well as to companies planning to go public by helping them identify the most opportune time to conduct an IPO for maximum success. |
| Dissertation Institution |
Vilniaus universitetas. |
| Type |
Master thesis |
| Language |
English |
| Publication date |
2023 |
