Macroeconomic Determinants of Going Public: The Evidence from Poland

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F14%3APU110682" target="_blank" >RIV/00216305:26510/14:PU110682 - isvavai.cz</a>
Result on the web
—
DOI - Digital Object Identifier
—

Result language
angličtina
Original language name
Macroeconomic Determinants of Going Public: The Evidence from Poland
Original language description
The main objective of this study is to indicate the influence of local macroeconomic factors, consequently GDP growth rates, the reference interest rate, industrial production growth rates, Warsaw Stock Exchange Index (WIG) returns and the volume of private equity investments, on the number and value of capital raised by IPOs in an emerging market, Poland, over the period of 2004 to 2012. Our sample includes only local enterprises that conducted an IPO on the Main Market of the Warsaw Stock Exchange. Financial and privatized companies are excluded from the data processing. The Spearman correlation analysis is used to identify the relations between the macroeconomic (external) determinants and the number of listings and the value of capital raised by IPOs. The data is evaluated at the significance level of 5%. The data is processed in two ways. Firstly, dependent variables (X1 - X4) and explanatory variables (Y1 - Y5) are analysed simultaneously, next, the explanatory variables are lagg
Czech name
—
Czech description
—

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)

Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
The 18th World Multi-Conference on Systemics, Cybernetics and Informatics, Proceedings, Volume I
ISBN
978-1-941763-04-9
ISSN
—
e-ISSN
—
Number of pages
6
Pages from-to
43-48
Publisher name
International Institute of Informatics and Systemics
Place of publication
Orlando, Florida, USA
Event location
Orlando
Event date
Jul 15, 2014
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
—

Similar results(10)