Institutional Settings and their Impact on the IPO Activity: An Exploratory Study Based on Qualitative Modelling

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216305%3A26510%2F21%3APU139732" target="_blank" >RIV/00216305:26510/21:PU139732 - isvavai.cz</a>

Výsledek na webu

<a href="http://acta.uni-obuda.hu/Meluzin_Zinecker_Balcerzak_Pietrzak_Doubravsky_109.pdf" target="_blank" >http://acta.uni-obuda.hu/Meluzin_Zinecker_Balcerzak_Pietrzak_Doubravsky_109.pdf</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.12700/APH.18.2.2021.2.12" target="_blank" >10.12700/APH.18.2.2021.2.12</a>

Jazyk výsledku

angličtina

Název v původním jazyce

Institutional Settings and their Impact on the IPO Activity: An Exploratory Study Based on Qualitative Modelling

Popis výsledku v původním jazyce

This article deals with the propagation of rumours about the introduction of institutional settings, which are intended to make the going public strategy in a country more attractive. Rumours significantly affect the level of uncertainty and can be both positive – if the market responds by increasing the initial public offering activity – or negative – if the market responds by a drop of primary issues. We document how the going public activity in a country might be promoted if both positive and negative rumours occur. The rumour spreading model called SIRaRu and qualitative trend-based modelling are applied. There are no quantifiers such as numbers or fuzzy sets needed. Altogether 17 variables are used to capture two dimensions of general institutional quality and internal state of the company. The numerical calculations result in a set S of 9 scenarios, which are complemented by a set T of 46 transitions. Hence, any past and future behaviour of the qualitative model QS can be reconstructed as a sequence of obtained scenarios. Moreover, a graphic solution was derived to study the behaviour of selected variables on the timeline.

Název v anglickém jazyce

Institutional Settings and their Impact on the IPO Activity: An Exploratory Study Based on Qualitative Modelling

Popis výsledku anglicky

This article deals with the propagation of rumours about the introduction of institutional settings, which are intended to make the going public strategy in a country more attractive. Rumours significantly affect the level of uncertainty and can be both positive – if the market responds by increasing the initial public offering activity – or negative – if the market responds by a drop of primary issues. We document how the going public activity in a country might be promoted if both positive and negative rumours occur. The rumour spreading model called SIRaRu and qualitative trend-based modelling are applied. There are no quantifiers such as numbers or fuzzy sets needed. Altogether 17 variables are used to capture two dimensions of general institutional quality and internal state of the company. The numerical calculations result in a set S of 9 scenarios, which are complemented by a set T of 46 transitions. Hence, any past and future behaviour of the qualitative model QS can be reconstructed as a sequence of obtained scenarios. Moreover, a graphic solution was derived to study the behaviour of selected variables on the timeline.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

—

OECD FORD obor

21101 - Food and beverages

Projekt

—

Návaznosti

S - Specificky vyzkum na vysokych skolach<br>I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2021

Kód důvěrnosti údajů

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

Název periodika

ACTA POLYTECH HUNG

ISSN

1785-8860

e-ISSN

2064-2687

Svazek periodika

18

Číslo periodika v rámci svazku

2

Stát vydavatele periodika

HU - Maďarsko

Počet stran výsledku

21

Strana od-do

215-234

Kód UT WoS článku

000613644800012

EID výsledku v databázi Scopus

2-s2.0-85101150855