Assessment of Micro and Macro Indicators Influence on IPO Overpricing Before and After the Global Financial Crisis
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Perminaite_11201501_2017.pdf
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Perminaite_11201501_2017_Annexe1.pdf
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- The aim of the Master thesis is to identify and to assess micro and macro indicators influence on IPO overpricing before and after the global financial crisis. This thesis consists of three parts. The first part includes the analysis of the theoretical concept of IPO overpricing and the overview of the indicators influencing IPO overpricing with the analysis of previous researches. The methodology for assessment of micro and macro indicators influencing IPO overpricing before and after crisis event together with the overview of sample and limitations are provided in the second part of the thesis. The results of analysis of the dynamics of IPO overpricing levels and changes in micro and macro indicators influence before and after the global financial crisis are provided. The results revealed that the IPO overpricing phenomenon exists in EU IPOs market. The importance of the indicators during the periods before and after the global financial crisis differs and macro indicators have the higher influence on the IPO overpricing level.