Saudi Arabian IPOs Productivity and Efficiency | Zendy

Ahmed S. Alanazi | Zendy; Benjamín Liu | Zendy; John Forster | Zendy

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Saudi Arabian IPOs Productivity and Efficiency

Author(s) -

Ahmed S. Alanazi,

Benjamín Liu,

John Forster

Publication year - 2009

Publication title -

ssrn electronic journal

Language(s) - English

Resource type - Journals

ISSN - 1556-5068

DOI - 10.2139/ssrn.1492939

Subject(s) - initial public offering , productivity , business , monetary economics , economics , finance , macroeconomics

Purpose - The main objective of the paper is to examine the performance of Saudi Arabian firms’ performance as they make the transition from private ownership into public ownership.Design/ Methodology/ Approach - A sample of 13 Saudi IPOs performance is investigated. We use a data envelopment analysis DEA method to construct the Malmquist productivity and efficiency indices.Findings - We have found that Saudi IPOs exhibit a significant decline in the productivity after the IPO as compared to the pre-IPO level.Originality/ Value - The paper is the first to provide assessment for the clustering IPOs that occurred in the Kingdom of Saudi Arabia in recent years.

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