Macroeconomic Factors and Initial Public Offerings in Poland
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F14%3APU108105" target="_blank" >RIV/00216305:26510/14:PU108105 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—
Alternative languages
Result language
angličtina
Original language name
Macroeconomic Factors and Initial Public Offerings in Poland
Original language description
The CEE countries primary capital markets still seem to be rather poorly developed. The only exception has been represented by Poland. The Warsaw Stock Exchange belongs to the European stock exchanges with the highest number of completed IPOs. The aim ofthis study is to indicate the influence of macroeconomic factors, consequently GDP growth rates, the reference interest rate, industrial production growth rates, Warsaw Stock Exchange Index (WIG) and the volume of private equity investments on the numbers of IPOs in an emerging market, Poland, over the period of 1992 to 2012. The Spearman correlation analysis is used to identify the relations between the macroeconomic (external) determinants and the number of IPOs. The findings can be summarized as follows: A statistically significant difference was found to exist between firstly the number of IPOs and GDP growth rates and secondly between the number of IPOs and industrial production growth rates. On the other hand, the hypothesis that
Czech name
—
Czech description
—
Classification
Type
D - Article in proceedings
CEP classification
AE - Management, administration and clerical work
OECD FORD branch
—
Result continuities
Project
<a href="/en/project/GA13-38047S" target="_blank" >GA13-38047S: IPO Strategy - Specific Approaches in the CEE Region</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)
Others
Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Mathematical Methods in Finance and Business Administration
ISBN
978-960-474-360-5
ISSN
—
e-ISSN
—
Number of pages
7
Pages from-to
132-138
Publisher name
WSEAS Press
Place of publication
Athens, GREECE
Event location
Tenerife
Event date
Jan 10, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—