Long-Run IPO Performance for Family Firms - A study on the Swedish market
This thesis studies the long-run performance of IPOs. In addition, it differentiates between family firms and non-family firms. The long-run performance is tested on listings on Nasdaq OMX Stockholm over a period from 1997 to 2011. The sample consists of 100 firms, whereas 39 firms are classified as family firms. To test the long-run IPO performance, buy-and-hold abnormal return over a three year