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5 years ago

IPO performance and earnings expectations: some French evidence

IPO performance and earnings expectations: some French evidence

0,25 0,2 0,15 0,1 0,05 0

0,25 0,2 0,15 0,1 0,05 0 -0,05 month1 -0,1 -0,15 -0,2 Panel B: 36-month performance (weighted average) month3 month5 month7 month9 month11 month13 month15 month17 month19 month21 40 month23 month25 month27 month29 month31 month33 bhrmid bhrpor carind carmid carpor month35 bhrind

0,2 0 -0,2 month1 -0,4 -0,6 -0,8 -1 Panel C: 36-month performance (median) month3 month5 month7 month9 month11 month13 month15 month17 month19 month21 month23 41 month25 month27 month29 month31 month33 month35 bhrind bhrmid bhrpor carind carmid carpor

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