The Impact of Announcing IPO on the Value of Companies’ shares Operating under the Industrial Sector of Amman Stock Exchange.
Keywords:
Announcing IPO, Value of Companies’ shares, the Industrial Sector, Amman, Stock ExchangeAbstract
The study concentrated on two issues. Firstly ,the effect of
advertising the issuing of new stocks on Amman Stock Exchange.
Secondly, does the advertisement affect the gained earnings by
the companies that advertise as well as the companies that do
not and is the resulted effect restricted to those who follow the
advertisement policy?.
The methodology that has been adopted is the single index
model.This methodology was employed to estimate usual earnings
along with unusual one in accordance with the methodology
used by Samuel Cecarello in 1992.
The researchers concluded that the advertising of issuing
new stocks includes insight information in a way that has a
weak and negative effect on the company’s earnings, The study
also showed that the event study didn’t prove any information
movement among the companies that advertise and those that
don’t in the same sector.
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