Capital Market Determinants of Going Public: The Evidence from CEE Capital Markets

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F18%3APU128780" target="_blank" >RIV/00216305:26510/18:PU128780 - 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

Capital Market Determinants of Going Public: The Evidence from CEE Capital Markets

Popis výsledku v původním jazyce

Capital markets within CEE region have shown that in case of new investment opportunities they are still significantly underdeveloped. This research is focused to examine the influence of the local capital market indicators on IPO emergence. The data sets for the capital markets of Czech Republic, Poland, Hungary and Slovenia has been analyzed over the period between 2010 and 2016. The following capital market indicators and their impact on the IPO volumes were examined: market capitalization as percentage of GDP, turnover as percentage of GDP, turnover velocity and number of listed companies. To analyze the data the quantitative approach was applied as well as in depth comparison of capital market specifics. The regression estimation model is applied to identify the impact of the capital market determinants on the number of primary issues and the value of capital raised by IPOs. The data is evaluated at the significance level of α=5%. Results show that in Poland and Hungary the capital market determinants show certain degree of influence on IPO activity.

Název v anglickém jazyce

Capital Market Determinants of Going Public: The Evidence from CEE Capital Markets

Popis výsledku anglicky

Capital markets within CEE region have shown that in case of new investment opportunities they are still significantly underdeveloped. This research is focused to examine the influence of the local capital market indicators on IPO emergence. The data sets for the capital markets of Czech Republic, Poland, Hungary and Slovenia has been analyzed over the period between 2010 and 2016. The following capital market indicators and their impact on the IPO volumes were examined: market capitalization as percentage of GDP, turnover as percentage of GDP, turnover velocity and number of listed companies. To analyze the data the quantitative approach was applied as well as in depth comparison of capital market specifics. The regression estimation model is applied to identify the impact of the capital market determinants on the number of primary issues and the value of capital raised by IPOs. The data is evaluated at the significance level of α=5%. Results show that in Poland and Hungary the capital market determinants show certain degree of influence on IPO activity.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50202 - Applied Economics, Econometrics

Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2018

Kód důvěrnosti údajů

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

Název statě ve sborníku

European Financial Systems 2018. Proceedings of the 15th International Scientific Conference

ISBN

978-80-210-8981-5

ISSN

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e-ISSN

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Počet stran výsledku

8

Strana od-do

541-548

Název nakladatele

Masarykova Univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

25. 6. 2018

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

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