Duration of IPOs between offering and listing: Cox proportional hazard models—Evidence for Chinese A-share IPOs

Growth Enterprise Board Initial Public Offerings: Characteristics, Volatility and the Initial‐day Performance

“…This result supports our expectation that investors will earn a higher initial-day return with a high-quality firm. This finding is consistent with the argument of Guo and Brooks (2009). Third, the turnover ratio is positive (0.74), which is significant at the 1-percent level.…”

Can governance help in making an IPO “successful”? New evidence from Europe

“…Within the medium–long‐term perspective, we consider the stock performance achieved by the firm against its market within a perspective of 12, 24, and 36 months after the IPO, which has been widely recognized in literature as fundamental milestones for the evaluation of firms’ stock performance (Aggarwal, Prabhala, & Puri, 2002; Gompers, Ishii, & Metrick, 2003). Nevertheless, since a significant strand of literature has focused attention upon the issue of “post‐IPO survival” (Carpentier & Suret, 2011; Chancharat et al, 2012; Cirillo, Mussolino, Romano, & Viganò, 2017; Espenlaub, Khurshed, & Mohamed, 2012; Espenlaub, Khurshed, Mohamed, & Saadouni, 2016; Guo & Brooks, 2009; Jain & Kini, 1999; Pour, 2015), we decided to consider that alternative and innovative indicator of the “success” of an IPO within a long‐run perspective, as the circumstance that a company remain listed, surviving on the capital market. By this way, similarly to Cirillo et al, 2017, we apply a Cox proportional hazard model (Chancharat et al, 2012) to the variable Survival , as defined by the time interval (in years) from IPO date to the year of delisting or to the end of the observation period (2018) for surviving IPOs.…”

Adopting and Adapting Medical Approach in Risk Management Process for Analysing Information Security Risk

“…Based on (Guo and Brooks, 2009) stated that adoptions of Cox PH model in order to analysis the duration from offering to listing using the data of Chinese A-share IPOs gives several benefits. For example, capability to incorporate information whether censored and uncensored observations to provide consistent parameter estimates and finally the results can be more precise to forecast and assess the listing hazard for a new offering.…”