Examining the relationship between director experience and IPO underestimate in the listed companies in Tehran stock exchange
Seyyed Ali Akbar Moosavi Amiri1*, Arezoo Jalili2
This investigation aims to examine the relationship between director experience and performance of IPOs. All listed companies in Tehran stock exchange were regarded as locative domain and the time domain is between 2009 to 2013. In this research, director experience, short-term performance of IPO, long-term performance of IPO and underpricing are regarderd as independent, and dependent variables of the study, respectively. The sample selection is done based on purposive sampling by which 18 IPO firms were selected during the given period. Regarding significance level of F statistics, we have dealt with significance of each variables and their confirmation or rejection. EVIEWS 7 software is used in this investigation. The results suggested that there is not a significant relationship between director experience and IPO underpricing.