Macroeconomic Determinants of Going Public: The Evidence from Poland

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Macroeconomic Determinants of Going Public: The Evidence from Poland

Popis výsledku v původním jazyce

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

Název v anglickém jazyce

Macroeconomic Determinants of Going Public: The Evidence from Poland

Popis výsledku anglicky

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

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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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

The 18th World Multi-Conference on Systemics, Cybernetics and Informatics, Proceedings, Volume I

ISBN

978-1-941763-04-9

ISSN

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e-ISSN

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Počet stran výsledku

6

Strana od-do

43-48

Název nakladatele

International Institute of Informatics and Systemics

Místo vydání

Orlando, Florida, USA

Místo konání akce

Orlando

Datum konání akce

15. 7. 2014

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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