Why Do Companies Stay Private? Determinants for IPO Candidates to Consider in Poland and the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU129594" target="_blank" >RIV/00216305:26510/18:PU129594 - isvavai.cz</a>
Result on the web
<a href="https://www.tandfonline.com/doi/full/10.1080/00128775.2018.1496795" target="_blank" >https://www.tandfonline.com/doi/full/10.1080/00128775.2018.1496795</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1080/00128775.2018.1496795" target="_blank" >10.1080/00128775.2018.1496795</a>
Alternative languages
Result language
angličtina
Original language name
Why Do Companies Stay Private? Determinants for IPO Candidates to Consider in Poland and the Czech Republic
Original language description
We surveyed sixty-five chief financial officers (CFOs) at nonpublic and nonfinancial companies in the Czech Republic and Poland that are considered candidates for an initial public offering (IPO) to document their propensity to decline to launch an IPO and maintain private ownership. First, we found that the main arguments against launching an IPO in both countries involve information disclosure and limitations on decision-making control. Surprisingly, the majority of the managers do not see the capital market as a source of cheaper and more flexible financing compared to bank loans and other sources. In terms of exogenous factors, Polish CFOs are opportunistic with regard to the timing of an IPO. They view “the window of opportunity” in terms of overall business and industry conditions as significantly more important than do their Czech counterparts. Czech CFOs rank IPOrelated demands on time and costs as the main obstacle to going public. Finally, Czech CFOs agree that a lack of confidence in the capital market is their major concern more frequently than do their Polish peers.
Czech name
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Czech description
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Classification
Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
EASTERN EUROPEAN ECONOMICS
ISSN
0012-8775
e-ISSN
1557-9298
Volume of the periodical
56
Issue of the periodical within the volume
6
Country of publishing house
US - UNITED STATES
Number of pages
33
Pages from-to
471-503
UT code for WoS article
000447920600001
EID of the result in the Scopus database
2-s2.0-85052063728