A regression analysis was carried out of the stock return on the first day of an IPO (initial public offering) based on four variables: assessed benefit of the IPO, assessed improved market perception, assessed perception of market strength at the time of the IPO, and assessed growth potential due to patent or copyright ownership. The adjusted R2 was 2.1%, and the F value was 2.27. The sample consisted of 438 responses from the chief financial officers of firms who issued IPOs from January 1, 1996, through June 15, 2002. Analyze these results.
Answer to relevant QuestionsA portion of the regression output for the Nissan Motor Company study of problem 11-14 follows. Interpret the findings, and show how these results are obtainable from the ANOVA table results presented in problem 11-14. How ...A study of Dutch tourism behavior included a regression analysis using a sample of 713 respondents. The dependent variable, number of miles traveled on vacation, was regressed on the independent variables, family size and ...A regression analysis was carried out to predict a firm's reputation (defined on a scale called the Carter-Manaster reputation ranking) on the basis of unexpected accruals, auditor quality, return on investment, and ...Using the regression equation from problem 11-25, predict excess stock return when SIZRNK = 5 and PRCRNK = 6. For a multiple regression model with two independent variables, results of the analysis include ∑y = 852, ∑x1 = 155, ∑x2 = 88, ∑x1y = 11,423, ∑x2y = 8,320, ∑x1x2 = 1,055, ∑x21 = 2,125, and ∑x22 = 768, n = ...
Post your question