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Investment Bank Reputation and the Post-IPO Operating Performance: The Case of the Istanbul Stock Exchange

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  • Halil Ibrahim Bulut

Abstract

In this study, the investment bank reputation role in the initial public offerings for the Istanbul Stock Exchange is analyzed. A comparison is made between the investment bank reputation and the post-issue operating performance in the analysis, contrary to the works which examine the relationship between the investment bank reputation and the post-issue investment performance. The postissue operating performances of the high-reputable investment banks-backed and the low-reputable investment banks-backed initial public offerings are compared for the investigation of investment bank reputation effect. The findings in this study do not supply any evidence showing that investment bank reputation has an influence on the post-issue operating performance.

Suggested Citation

  • Halil Ibrahim Bulut, 2008. "Investment Bank Reputation and the Post-IPO Operating Performance: The Case of the Istanbul Stock Exchange," Istanbul Stock Exchange Review, Research and Business Development Department, Borsa Istanbul, vol. 10(39), pages 17-40.
    • Handle: RePEc:bor:iserev:v:10:y:2008:i:39:p:17-40
    as

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    File URL: http://www.borsaistanbul.com/datum/imkbdergi/EN/ISE_Review_39.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Investment bank reputation; IPOs; Operating Performance; Emerging Markets.;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets

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