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Project detail
Duration: 01.02.2013 — 31.12.2014
Funding resources
Czech Science Foundation - Standardní projekty
- whole funder (2013-02-01 - not assigned)
On the project
Strategie financování podniku prostrednictvím IPO je v podmínkách rozvinutých tržních ekonomik predmetem dlouhodobého zájmu teorie i praxe. V regionu strední a východní Evropy však lze identifikovat nízký pocet empirických výzkumu v oblasti IPO. Nezodpovezená tak zustává otázka, zda teorie formulované v podmínkách rozvinutých kapitálových trhu jsou rovnež relevantní pro rozhodování o IPO v podnicích pusobících na rozvíjejících se trzích. Hlavním cílem projektu je prohloubit a rozšírit soucasnou úroven poznání v oblasti rozhodování podniku o realizaci Initial Public Offering, zejména pak s ohledem na identifikaci vnejších a vnitrních faktoru, které ovlivnují strategii vstupu podniku na kapitálový trh formou IPO ve specifických podmínkách regionu CEE. Na základe empirických výsledku budou formulovány prístupy ke strategii financování podniku formou IPO v regionu CEE.
Description in EnglishThe research into issues associated with the IPO strategy has a tradition going back many years in advanced market economies. Under the conditions on the emerging capital markets in Central and Eastern European countries, both theory and corporate practice grapple with an absence of empirical results. Thus, the question that remains unanswered is whether theories formulated for developed capital markets are also relevant for decisions about IPO strategy in companies operating on emerging capital markets. The main objective of the project is to expand and enhance the current knowledge of corporate decisionmaking in the area of Initial Public Offerings, with the intent to identify the external and internal factors influencing the strategies of companies that enter capital markets through an IPO under conditions specific to the CEE region. The empirical results made it possible to formulate financing strategies trough IPO, particularly under the conditions of the CEE region.
KeywordsIPO, region CEE, podnikové finacování, strategie
Key words in EnglishIPO, CEE region, corporate financing, strategy
Mark
GA13-38047S
Default language
Czech
People responsible
Beránek Michal, RNDr., Ph.D., MBA - fellow researcherŠkapa Stanislav, prof. Ing. et Ing., Ph.D. - fellow researcherZinecker Marek, prof. Ing., Ph.D. - fellow researcherMeluzín Tomáš, prof. Ing., Ph.D. - principal person responsible
Units
Institute of Economics- beneficiary (2013-02-01 - not assigned)
Results
MOKHOVA, N.; ZINECKER, M. Liquidity, probability of bankruptcy and the corporate life cycle: the evidence from Czech Republic. International Journal of Globalisation and Small Business, 2013, vol. 2013, no. 3, p. 189-208. ISSN: 1479-3067.Detail
DOUBRAVSKÝ, K.; MELUZÍN, T.; DOHNAL, M. Decision-making on Implementation of IPO Under Topological Uncertainty. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2015, vol. 63, no. 1, p. 193-200. ISSN: 1211-8516.Detail
ŠKAPA, S.; MELUZÍN, T.; ZINECKER, M. A critical evaluation of risk return characteristics of environmentally focused stocks companies. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, vol. 61, no. 2, p. 501-506. ISSN: 1211-8516.Detail
MELUZÍN, T. Reasons for Going Public: Theory vs. Polish Practise. Acta academica karviniensia, 2013, vol. 2013, no. 3, p. 129-135. ISSN: 1212-415X.Detail
MELUZÍN, T.; ZINECKER, M. Why firms do not go public: The evidence from Poland. In The 17th World Multi-Conference on Systemics, Cybernetics and Informatics - Proceedings, Volume II. Orlando US: Internationale Institute of Informatics and Systemics, 2013. p. 43-47. ISBN: 978-1-936338-88-7.Detail
MELUZÍN, T.; ZINECKER, M. Trends in IPOs: The Evidence from Financial Markets. In Contemporary Issues in Economy. Toruń, Poland: Polish Economic Society, Branch in Toruń, 2013. p. 232-232. ISBN: 978-83-62049-24-0.Detail
MELUZÍN, T.; ZINECKER, M. Trends in IPOs: The Evidence From Financial Markets. Equilibrium, 2013, vol. 8, no. 2, p. 45-63. ISSN: 1689-765X.Detail
ŠKAPA, S. Commodities as a Tool of Risk Diversification. Equilibrium, 2013, vol. 8, no. 2, p. 65-77. ISSN: 1689-765X.Detail
MELUZÍN, T.; ZINECKER, M.; KOVANDOVÁ, S. IPO Timing Determinants: Empirical Evidence on the Polish Capital Market. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, vol. 61, no. 7, p. 2499-2506. ISSN: 1211-8516.Detail
MOKHOVA, N.; ZINECKER, M. Determinants of Capital Structure: the Evidence from the European Union. Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2013, vol. 61, no. 7, p. 2533-2546. ISSN: 1211-8516.Detail
ŠKAPA, S. Investing in Commodities as a Tool of Risk Diversification During the Crisis. In Contemporary Issues in Economy - Growth Perspectives in Europe?. Contemporary Issues in Economy. Toruń: Polish Economic Society, Branch in Toruń, 2013. p. 137-149. ISBN: 978-83-62049-24-0.Detail
ZINECKER, M.; KONEČNÝ, Z. Rizikovost tržní pozice a její vliv na hodnotu beta koeficientu. TRENDY EKONOMIKY A MANAGEMENTU, 2013, roč. 7, č. 17, s. 179-187. ISSN: 1802-8527.Detail
MELUZÍN, T.; ZINECKER, M.; KOVANDOVÁ, S. Macroeconomic Factors and Initial Public Offerings in Poland. In Mathematical Methods in Finance and Business Administration. WSEAS. Athens, GREECE: WSEAS Press, 2014. p. 132-138. ISBN: 978-960-474-360-5.Detail
MOKHOVA, N.; ZINECKER, M. Macroeconomic Factors and Corporate Capital Structure. In Procedia - Social and Behavioral Sciences. Procedia Social and Behavioral Sciences. Nizozemí: Elsevier, 2014. p. 530-540. ISSN: 1877-0428.Detail
ZINECKER, M. Macroeconomic Issues of CEE Venture Capital Markets. Universita della Calabria, Campus di Arcavacata: Universita della Calabria, Dipartimento di Scienze Economiche, Statistiche e Finanziarie, 2014. p. 1-51.Detail
KONEČNÝ, Z. Risk Structure Depending on the Corporate- and Market Life Cycle. Business management. Business management. Saarbrücken: Scholars Press, 2014. 220 p. ISBN: 978-3-639-70782-3.Detail
MELUZÍN, T.; ZINECKER, M. Reasons for IPO Implementation: Empirical Evidence from the Polish Capital Market. Engineering Economics, 2014, vol. 25, no. 3, p. 294-301. ISSN: 1392-2785.Detail
MELUZÍN, T.; ZINECKER, M.; LAPINSKA, J. Macroeconomic Determinants of Going Public: The Evidence from Poland. In The 18th World Multi-Conference on Systemics, Cybernetics and Informatics, Proceedings, Volume I. I. Orlando, Florida, USA: International Institute of Informatics and Systemics, 2014. p. 43-48. ISBN: 978-1-941763-04-9.Detail
MELUZÍN, T.; ZINECKER, M. Marketing Aspects of Going Public: Empirical Evidence on the Czech and Polish Capital Markets. Marketing i Rynek, 2014, vol. 2014, no. 8, p. 550-555. ISSN: 1231-7853.Detail
MELUZÍN, T.; ZINECKER, M. Research into Determinants Influencing IPO Decisions on the Polish Capital Market (Determinanten der Entscheidung für eine Börseneinführung unter den Bedingungen des polnischen Kapitalmarktes – Ergebnisse einer empirischen Untersuchung). BETRIEBSWIRTSCHAFTLICHE FORSCHUNG UND PRAXIS, 2014, vol. 66, no. 6, p. 652-671. ISSN: 0340-5370.Detail
MELUZÍN, T.; ZINECKER, M. Macro- and Microeconomic Aspects of Going Public in the Czech Republic and Poland. In Procedia - Social and Behavioral Sciences. Procedia Social and Behavioral Sciences. Riga: Elsevier, 2014. p. 558-563. ISSN: 1877-0428.Detail
MELUZÍN, T.; ZINECKER, M.; LAPINSKA, J. Determinants of Initial Public Oferings: The Case of Poland (Factores determinantes de una opción pública de venta (OPV): el caso de Polonia). Revista de Metodos Cuantitativos para la Economia y la Empresa, 2014, vol. 18 (2014), no. December, p. 5-17. ISSN: 1886-516X.Detail
MELUZÍN, T.; ZINECKER, M.; ŠKAPA, S. IPO Strategy - Specific Approaches in the CEE Region. odborná kniha. odborná kniha. Brno: VUTIUM, 2015. 100 p. ISBN: 978-80-214-5113-1.Detail
ZINECKER, M.; RAJCHLOVÁ, J. Rizikový a rozvojový kapitál v České republice: Manažerské know-how a jeho transfer. Journal of Economics, 2013, roč. 61/2013, č. 3, s. 283-296. ISSN: 0013-3035.Detail