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Journals / İşletme Araştırmaları Dergisi / 2017 / Cilt: 9 - Sayı: 3

The Reasons And Consequences of IPO Withdrawals in Turkey

Türkiye’de Firmalarin Halka Arzdan Çekilme Nedenleri ve Sonuçları

İBRAHİM EMRE KARAA
Güler AKAKÇE
Pages
375–392
DOI
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AI Summary & Key Takeaways

AI Insight
⚡ TL;DR(Too Long; Didn't Read)

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

📌 3 Key Takeaways

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Objective & Hypothesis:Firms go to public with several incentives and objectives however they withdraw public offerings with different reasons.
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Key Findings & Data:In 1991-2013, the reasons of delisting volunteer withdrawals are investigated in 40 firms in Borsa Istanbul stock exchange.
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Conclusion & Impact: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
🔬Design:Research Article
📍Scope:2013 Verileri
⚙️Variables:Domain Parameters

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

Özet

Firmalar birçok güdü ve nedenlerle halka açılmakta ancak yaşanan olumsuzluklar sebebiyle veya farklı gerekçelerle halka arzdan çekilmektedirler. Halka arzdan çekilme nedenleri, 1991-2013 yılları arasında Borsa İstanbul hisse piyasasından gönüllü olarak çekilen 40 firmada araştırılmıştır. Bulgularımıza göre; (a) firmaların kriz dönemlerinde çekilme sıklığı artmaktadır (b) tecrübeli firmaların çekilme sonrası yeniden başvurma olasılığı yüksektir (c) başarılı aracı kurumlar, çekilme sonrasında yeniden halka arzı cesaretlendirmektedir. Ayrıca (d) çekilme nedenleri ile firmaların yaşı arasında (e) çekilmeler ile satış yöntemi arasında (f) ihraç nedenleri ile halka arz yöntemi arasında ilişki olduğu belirlenmiştir

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Cite This Article

KARAA, İ. E., AKAKÇE, G. (2017). The Reasons And Consequences of IPO Withdrawals in Turkey. İşletme Araştırmaları Dergisi, Cilt: 9 - Sayı: 3, 375–392. https://ajindex.com/articles/269502

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