Trends in IPOs: The Evidence from CEE Capital Markets

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F16%3APU119873" target="_blank" >RIV/00216305:26510/16:PU119873 - isvavai.cz</a>

Result on the web

<a href="http://apcz.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2016.015" target="_blank" >http://apcz.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2016.015</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.12775/EQUIL.2016.015" target="_blank" >10.12775/EQUIL.2016.015</a>

Result language

angličtina

Original language name

Trends in IPOs: The Evidence from CEE Capital Markets

Original language description

The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. Using a wider range of methods and different data sets we intend to complement the previous research. Applying descriptive statistics, relevant local developments are analysed first before being compared with leading European markets (London Stock Exchange and Deutsche Börse). We also investigated the assumption that a growing market has an explanatory power for the accelerating IPO activity. For this purpose we performed a Spearman correlation analysis. The data were evaluated at the significance level of α = 5 %. All CEE capital markets recorded strong dynamism over the observed period. All fundamental capital market parameters increase the attractiveness of individual capital markets, although their values lag behind developed European capital countries. The unambiguous leader in the region is Poland with a flourishing IPO market. Our assumption that a growing market has a positive impact on IPO activities could not be supported by empirical evidence.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50602 - Public administration

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Equilibrium

ISSN

1689-765X

e-ISSN

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Volume of the periodical

11

Issue of the periodical within the volume

2

Country of publishing house

PL - POLAND

Number of pages

15

Pages from-to

327-341

UT code for WoS article

000399974900007

EID of the result in the Scopus database

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