Glossary

BHAR (Buy-and-Hold Abnormal Return)

A long-run performance measure calculated as the difference between the compounded cumulative return of holding an IPO stock and the compounded cumulative return of holding a benchmark market index over the same period.

Source: Long-Term Performance and Determinants of IPOs on the Indonesia Stock Exchange in the Post-Pandemic Low Interest Rate Era (Academic research) · p.3

Have a question about BHAR (Buy-and-Hold Abnormal Return)? Ask the AI, answers cite the source.