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Table 4 Mean Differences between Private and Privatizing IPOs in the Long Run

From: Performance and capital structure of IPOs in Pakistan from 2000 to 2015

Period BHR% BHAR%
  Issues KSE Mean
1 year 2.05
(0.95)
5.92
(0.58)
−3.88
(0.91)
2 year 62.93
(0.11)
10.47
(0.65)
52.46
(0.12)
3 year 84.52
(0.11)
11.21
(0.73)
73.37
(0.21)
4 year 111.68
(0.07)
−3.70
(0.93)
115.38
(0.29)
5 year 142.94**
(0.04)
−56.75**
(0.04)
199.69
(0.35)
  1. Note: The figures in parenthesis are p-values to check the significance of mean diffence. The ***, **, * indicates the significance at 1%, 5% and 10% respectively