Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Lockup Expirations in Brazilian IPOs
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Entrepreneurship and innovation.
2012 (English)Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE creditsStudent thesis
Abstract [en]

In this study, we conducted an event study of 100 Brazilian IPO’s from 2004 to 2010 to detect if there was any significant abnormal returns after the expiration of the IPO lockup period, during which pre-IPO shareholders are prevented from selling their shares. We found no significant abnormal returns for all companies during all event dates examined, though we did detect significant negative abnormal returns around lockup for high- volatility firms. We also find that after the lockup expiration, there is a higher frequency of days with a higher-than-average trading volume.

Place, publisher, year, edition, pages
2012. , 36 p.
Keyword [en]
IPO, lockup, brazil, expirations
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-154564OAI: oai:DiVA.org:kth-154564DiVA: diva2:757770
Supervisors
Examiners
Available from: 2014-11-05 Created: 2014-10-23 Last updated: 2014-11-05Bibliographically approved

Open Access in DiVA

fulltext(757 kB)180 downloads
File information
File name FULLTEXT01.pdfFile size 757 kBChecksum SHA-512
a4ff956a22ac3aca37dbc698e4db4b055d2ae5cc383b6e529fb5bfc10688538aa1d90e9eb59ff23b04e4b3eab35daaecb2411c91db0ab146c79982f884ab39d6
Type fulltextMimetype application/pdf

By organisation
Entrepreneurship and innovation
Economics and Business

Search outside of DiVA

GoogleGoogle Scholar
Total: 180 downloads
The number of downloads is the sum of all downloads of full texts. It may include eg previous versions that are now no longer available

urn-nbn

Altmetric score

urn-nbn
Total: 135 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • harvard1
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf