Publication detail

Solving dynamic model of information dissemination in capital markets

NOVOTNÁ, V. ŠKAPA, S. MELUZÍN, T.

Original Title

Solving dynamic model of information dissemination in capital markets

Type

journal article in Web of Science

Language

English

Original Abstract

The main reason why companies decide to realize with IPO is to gain access to new funding and they want to signal its quality to the market. The publication presents a model of information dissemination in capital markets. We look upon dissemination of the information as similar to viral infection in epidemiology. The aim of the paper is to use the newly created mathematical apparatus enabling the analysis of dynamic models’ behavior, and more complex and detailed study of their behaviors even if some of the variables respond to stimuli with non-constant time delay. This procedure involves the use of the a priori solution estimate method to design an original solution of boundary value problems for equations (systems) with delay(s) through a sequence of simpler boundary value problems without delay. The results are demonstrated on a specific example and the behavior of the model is presented using a computer simulation.

Keywords

capital market; Initial Public Offering; nonlinear ordinary differential equations

Authors

NOVOTNÁ, V.; ŠKAPA, S.; MELUZÍN, T.

Released

1. 12. 2020

Publisher

Academy of Economic Studies in Bucharest

Location

Bucharest

ISBN

0424-267X

Periodical

Economic Computation and Economic Cybernetics Studies and Research

Year of study

2020

Number

4

State

Romania

Pages from

119

Pages to

134

Pages count

16

URL

http://www.ecocyb.ase.ro/nr2020_4/8.%20Stanislav%20SKAPA,%20Veronica%20Novotna,%204,2020%20(T).pdf

BibTex

@article{BUT167343,
  author="Veronika {Novotná} and Stanislav {Škapa} and Tomáš {Meluzín}",
  title="Solving dynamic model of information dissemination in capital markets",
  journal="Economic Computation and Economic Cybernetics Studies and Research",
  year="2020",
  volume="2020",
  number="4",
  pages="119--134",
  doi="10.24818/18423264/54.4.20.08",
  issn="0424-267X",
  url="http://www.ecocyb.ase.ro/nr2020_4/8.%20Stanislav%20SKAPA,%20Veronica%20Novotna,%204,2020%20(T).pdf"
}