The Influence of ESG factors on companies' IPO success

Student: Lirette Amrita-laurence

Educational Programme: Financial Analyst (Master)

Year of Graduation: 2020

This paper aims to study the effect of ESG disclosure factor on stock performance of newly listed companies. The main hypothesis of this research is the following: companies that share information on their ESG activities prior to IPO outperform companies that do not disclose their non-financial practice. The sample for regression analysis consists of 665 IPOs from NASDAQ Stock Exchange. Study reveals that there is a statistically significant positive impact of ESG factor on stock returns on 180th and 250th trading days since the listing.

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