Managers’ Trading Intention and the Performance of Newly Listed Firms

  • Balasingham Balachandran, Peter Pham, Michael Skully
  • Published 2007


We examine a sample of IPOs in which pre-IPO owners/managers’ shares are restricted from selling to highlight the impact of their trading intention on firm performance. Share price, accounting and relative performance measures are all significantly stronger during the restricted than the unrestricted period. These performance changes coincide with an… (More)


12 Figures and Tables