Performance Evaluation of the Companies After Initial Public Offerings

Bangladesh Accountant, pp. 120-127, October 2003 - March 2004

16 Pages Posted: 7 Jul 2007  

Mohammad Mominul Hoque Bhuiyan

Asian University of Bangladesh

Amirus Salat

University of Dhaka

Muhammad Zahedur Rahman

Eastern University

Abstract

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

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

Mohammad Mominul Hoque Bhuiyan (Contact Author)

Asian University of Bangladesh ( email )

Bangladesh

Amirus Salat

University of Dhaka ( email )

Bangladesh

Muhammad Zahedur Rahman

Eastern University ( email )

H # 15/2, R # 3, Dhanmondi R/A,
Dhaka, 1205
Bangladesh
88-02-9676031 (Phone)
88-02-9675981 (Fax)

HOME PAGE: http://www.easternuni.edu.bd

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