Macroeconomic Factors and Initial Public Offerings in Poland

Kód výsledku v 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>

Výsledek na webu

—

DOI - Digital Object Identifier

—

Jazyk výsledku

angličtina

Název v původním jazyce

Macroeconomic Factors and Initial Public Offerings in Poland

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Macroeconomic Factors and Initial Public Offerings in Poland

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AE - Řízení, správa a administrativa

OECD FORD obor

—

Projekt

<a href="/cs/project/GA13-38047S" target="_blank" >GA13-38047S: Strategie IPO ? specifické přístupy v regionu CEE</a><br>

Návaznosti

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Rok uplatnění

2014

Kód důvěrnosti údajů

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

Název statě ve sborníku

Mathematical Methods in Finance and Business Administration

ISBN

978-960-474-360-5

ISSN

—

e-ISSN

—

Počet stran výsledku

7

Strana od-do

132-138

Název nakladatele

WSEAS Press

Místo vydání

Athens, GREECE

Místo konání akce

Tenerife

Datum konání akce

10. 1. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

—