External Determinants of Going Public in the Czech Republic and in Poland
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F15%3APU126357" target="_blank" >RIV/00216305:26510/15:PU126357 - isvavai.cz</a>
Result on the web
<a href="http://dx.doi.org/10.1016/j.sbspro.2015.11.552" target="_blank" >http://dx.doi.org/10.1016/j.sbspro.2015.11.552</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.sbspro.2015.11.552" target="_blank" >10.1016/j.sbspro.2015.11.552</a>
Alternative languages
Result language
angličtina
Original language name
External Determinants of Going Public in the Czech Republic and in Poland
Original language description
This study deals with Initial Public Offering (IPO) developments in the Czech Republic and Poland over the period 2000 - 2012 and aims to indicate the influence of external going public determinants, in particular the capital market size- and liquidity-indicators, on IPO numbers and values. Our sample includes enterprises that conducted an IPO on the main markets of the Prague and Warsaw Stock Exchanges. The following steps were undertaken to analyse the quantitative data. Firstly, we performed a quantitative analysis of the Czech and Polish capital market in order to draw attention to certain specific issues existing on these markets between 2000 and 2012. Next, we compared internal IPO characteristics on the particular capital markets with the empirical evidence on IPOs in the Central and Eastern Europe- and EU-wide capital markets. Our results indicate the favourable development of fundamental capital market indicators on the Warsaw Stock Exchange. This could be seen as a signal of increasing market attractiveness for both investors and potential issuers (IPO candidates) and thereby accelerate IPO activity. On the other hand, the size and liquidity of the Czech capital market still represents an investment barrier.
Czech name
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Czech description
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Classification
Type
D - Article in proceedings
CEP classification
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OECD FORD branch
50201 - Economic Theory
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2015
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Article name in the collection
Procedia Social and Behavioral Sciences
ISBN
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ISSN
1877-0428
e-ISSN
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Number of pages
6
Pages from-to
364-369
Publisher name
ELSEVIER SCIENCE BV
Place of publication
AMSTERDAM, NETHERLANDS
Event location
Kaunas
Event date
May 6, 2015
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000380495800060