This study aims to determine the company's financial performance by using profitability ratio analysis, where is a that ability in generating profit over certain period and also provides an overview of level management effectiveness carrying out its operations. Profitability consists three ratios, among others Return On Assets, Equity Net Profit Margin. The research object PT Medikaloka Hermina...

An improved method for measuring and testing long-run returns is proposed. The method adjusts for the right-skewed distribution of long-run buy-and-hold by decomposing average crosssectional buy-and-hold returns into mean components and volatility components. The method is applied to initial public offerings in Denmark. The mean-component under performance of initial public offering stocks comp...

This paper analyzes a comprehensive data set of 108 non venture-backed, 58 venture-backed and 33 bridge financed companies going public at Germany’s Neuer Markt between March 1997 and March 2000. I examine whether these three types of issues differ with regard to issuer characteristics, balance sheet data or offering characteristics. Moreover, this empirical study contributes to the underpricin...