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Publication detail
MELUZÍN, T. ZINECKER, M.
Original Title
Trends in IPOs: The Evidence from CEE Capital Markets
Type
journal article in Web of Science
Language
English
Original Abstract
The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. The purpose of this paper is to investigate IPO developments across five CEE countries between 2003 and 2012. Using a wider range of methods and different data sets we intend to complement the previous research. Applying descriptive statistics, relevant local developments are analysed first before being compared with leading European markets (London Stock Exchange and Deutsche Börse). We also investigated the assumption that a growing market has an explanatory power for the accelerating IPO activity. For this purpose we performed a Spearman correlation analysis. The data were evaluated at the significance level of α = 5 %. All CEE capital markets recorded strong dynamism over the observed period. All fundamental capital market parameters increase the attractiveness of individual capital markets, although their values lag behind developed European capital countries. The unambiguous leader in the region is Poland with a flourishing IPO market. Our assumption that a growing market has a positive impact on IPO activities could not be supported by empirical evidence.
Keywords
IPO, Going Public, Trends, Financial Markets, CEE
Authors
MELUZÍN, T.; ZINECKER, M.
Released
1. 6. 2016
Publisher
Economic Society Branch in Toruń
Location
Toruń
ISBN
1689-765X
Periodical
Equilibrium
Year of study
11
Number
2
State
Republic of Poland
Pages from
327
Pages to
341
Pages count
15
URL
http://apcz.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2016.015
Full text in the Digital Library
http://hdl.handle.net/11012/70177
BibTex
@article{BUT127312, author="Tomáš {Meluzín} and Marek {Zinecker}", title="Trends in IPOs: The Evidence from CEE Capital Markets", journal="Equilibrium", year="2016", volume="11", number="2", pages="327--341", doi="10.12775/EQUIL.2016.015", issn="1689-765X", url="http://apcz.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2016.015" }