Bangladesh Accountant, pp. 120-127, October 2003 - March 2004
16 Pages Posted: 7 Jul 2007
This paper empirically examines the operational performance of companies after IPO in Bangladesh based on a sample of eight companies taken from 1999 to 2000 IPO's out of eighteen companies during that period. Most of the companies made optimistic forecast in their prospectus during the IPO. We made an attempt to find that whether they are able to reach their desire expectations. We have studied the post IPO performance of the companies in the respect of project implementation, fund utilization, IPO expense, holding of Annual General Meeting, penalization imposed by Securities and Exchange Commission, payment of dividend etc. The study shows that the performances of most of the companies were not satisfactory as per above criteria.
Keywords: Operational Performance, IPO
JEL Classification: G30, G32
Suggested Citation: Suggested Citation
Bhuiyan, Mohammad Mominul Hoque and Salat, Amirus and Rahman, Muhammad Zahedur, Performance Evaluation of the Companies After Initial Public Offerings. Bangladesh Accountant, pp. 120-127, October 2003 - March 2004. Available at SSRN: https://ssrn.com/abstract=997747