Türkiye’de Firmalarin Halka Arzdan Çekilme Nedenleri ve Sonuçları
The Reasons And Consequences of IPO Withdrawals in Turkey
Author(s): İbrahim Emre Karaa, Güler AkakçeSubject(s): Economy, Geography, Regional studies, Accounting - Business Administration
Published by: İşletme Araştırmaları Dergisi
Keywords: Public Offerings; Withdrawals; Underwriters; Public Offerings Methodology; Delisting;
Summary/Abstract: Firms go to public with several incentives and objectives however they withdraw public offerings with different reasons. In 1991-2013, the reasons of delisting volunteer withdrawals are investigated in 40 firms in Borsa Istanbul stock exchange. Our findings are; (a) firms mostly withdraw in economic crisis periods (b) the probability of resubmission is highly probable for firms with experience (c) successful underwriters encourage resubmissions. Moreover, there is a relationship between (d) withdrawal reasons and firm’s age, (e) withdrawals and selling procedure, (f) withdrawal reasons and public offerings methodology.
Journal: İşletme Araştırmaları Dergisi
- Issue Year: 9/2017
- Issue No: 3
- Page Range: 375-392
- Page Count: 18
- Language: Turkish