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THE IMPACT OF GOING PUBLIC DECISION ON COMPANY PERFORMANCE EVIDENCE FROM PAKISTAN

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17 Pages : 156-165

http://dx.doi.org/10.31703/gssr.2020(V-III).17      10.31703/gssr.2020(V-III).17      Published : Sep 2020

The Impact of Going Public Decision on Company Performance: Evidence from Pakistan

Abstract

    This study inspected the association of company performance with the choice of IPO of the firm's registered on the Pakistan Stock Exchange. In particular, two dimensions of performance, Return on Sales and Return on Asset as operating and Tobbin Q as Market performance as dependent variables, Bank debts, Capital Expenditure, Ownership Concentration, Sales Growth and Firm Size as independent variables along with the age of the firm as control variable have been used. Sample of 40 Pakistani IPOstaken for the period of 2005-2016. OLS inferences confirmed that the performance of both pre-IPO and Post-IPO show an influential association with the independent variables. This study provided a path to smaller firms that are in the process to go public. Whereas glimpses for the investors also provided who want to add profitable securities to their portfolio bucket.

    (1) Ihtesham Khan
    Institute of Business Studies and Leadership, Abdul Wali Khan University, Mardan, KP, Pakistan.
    (2) Sikandar Shah
    MS (Management Sciences), Institute of Business Studies and Leadership, Abdul Wali Khan University, Mardan, KP, Pakistan.
    (3) Wisal Ahmad
    Institute of Business Studies and Leadership, Abdul Wali Khan University, Mardan, KP, Pakistan.
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Cite this article

APA

    APA : Khan, I., Shah, S., & Ahmad, W. (2020). The Impact of Going Public Decision on Company Performance: Evidence from Pakistan. Global Social Sciences Review, V(III), 156-165. https://doi.org/10.31703/gssr.2020(V-III).17

CHICAGO

    CHICAGO : Khan, Ihtesham, Sikandar Shah, and Wisal Ahmad. 2020. "The Impact of Going Public Decision on Company Performance: Evidence from Pakistan." Global Social Sciences Review, V (III): 156-165 doi: 10.31703/gssr.2020(V-III).17

HARVARD

    HARVARD : KHAN, I., SHAH, S. & AHMAD, W. 2020. The Impact of Going Public Decision on Company Performance: Evidence from Pakistan. Global Social Sciences Review, V, 156-165.

MHRA

    MHRA : Khan, Ihtesham, Sikandar Shah, and Wisal Ahmad. 2020. "The Impact of Going Public Decision on Company Performance: Evidence from Pakistan." Global Social Sciences Review, V: 156-165

MLA

    MLA : Khan, Ihtesham, Sikandar Shah, and Wisal Ahmad. "The Impact of Going Public Decision on Company Performance: Evidence from Pakistan." Global Social Sciences Review, V.III (2020): 156-165 Print.

OXFORD

    OXFORD : Khan, Ihtesham, Shah, Sikandar, and Ahmad, Wisal (2020), "The Impact of Going Public Decision on Company Performance: Evidence from Pakistan", Global Social Sciences Review, V (III), 156-165

TURABIAN

    TURABIAN : Khan, Ihtesham, Sikandar Shah, and Wisal Ahmad. "The Impact of Going Public Decision on Company Performance: Evidence from Pakistan." Global Social Sciences Review V, no. III (2020): 156-165. https://doi.org/10.31703/gssr.2020(V-III).17