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Abnormal Returns in Privatization Public Offerings: The Case of Portuguese Firms
This paper provides evidence on abnormal returns of Portuguese privatization public offerings for the period from 1989 to 2001. The study explores the abnormal performance of a comprehensive sample of Portuguese privatization transactions and investigates the determinants of the observed price behavior.
Link
http://papers.ssrn.com/sol3/Delivery.cfm/SSRN_ID692027_code114544.pdf?abstractid=692027&mirid=1