La infravaloración de las ofertas públicas iniciales en el mercado español: empresa familiar versus empresa no familiar

  1. Farinós Viñas, José Emilio
  2. García Martín, Constantino José
  3. Martínez Lobato, Fuencisla
Liburua:
Descubriendo nuevos horizontes en administracion: XXVII Congreso Anual AEDEM, Universidad de Huelva, 5, 6 y 7 de junio de 2013
  1. García Machado, Juan José (coord.)

Argitaletxea: Escuela Superior de Gestión Comercial y Marketing, ESIC

ISBN: 978-84-7356-914-9

Argitalpen urtea: 2013

Biltzarra: Asociación Europea de Dirección y Economía de Empresa. Congreso Nacional (27. 2013. Islantilla)

Mota: Biltzar ekarpena

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Laburpena

Previous national and international evidence show that firms going public through an Initial Public Offering (IPO) underprice. In this research we investigate whether IPO underpricing differs between family firms and non-family firms. We employ a sample of 59 IPOs conducted in Spain over the period 1994 to 2012, of which 32 are family firms IPOs and 27 are non-family firms IPOs. We find that either family or non-family firms exhibit positive and significant underpricing no significant differences appear between both groups.

Datuen iturria: Dialnet