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MELUZÍN, T. ZINECKER, M.
Original Title
Trends in IPOs: The Evidence from CEE Capital Markets
Type
conference paper
Language
English
Original Abstract
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. 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.
RIV year
2015
Released
1. 6. 2015
Publisher
Institute of Economic Research and Polish Economic Society Branch in Toruń
Location
Toruń
ISBN
978-83-937843-7-0
Book
Proceedings of the 8th International Conference on Applied Economics Contemporary Issues in Economy
Edition
Economics and Finance
Edition number
1
NEUVEDENO
Pages from
1158
Pages to
1170
Pages count
14
BibTex
@inproceedings{BUT114938, author="Tomáš {Meluzín} and Marek {Zinecker}", title="Trends in IPOs: The Evidence from CEE Capital Markets", booktitle="Proceedings of the 8th International Conference on Applied Economics Contemporary Issues in Economy", year="2015", series="Economics and Finance", number="1", pages="1158--1170", publisher="Institute of Economic Research and Polish Economic Society Branch in Toruń", address="Toruń", isbn="978-83-937843-7-0" }