Detail publikace

Fuzzy Model as a Tool for Going Public Predictions

KUČEROVÁ, V. ZINECKER, M. MELUZÍN, T.

Originální název

Fuzzy Model as a Tool for Going Public Predictions

Typ

článek ve sborníku ve WoS nebo Scopus

Jazyk

angličtina

Originální abstrakt

The purpose of this paper is to present a proposal of a decision support model based on the fuzzy logic. Fuzzy models are a suitable tool as they offer the chance of working with both absolute and relative quantitative indicators. The main part of the creation of our model was the selection of key variables (macroeconomic indicators) determining the number of initial public offerings (IPOs) under the conditions of the Polish capital market between 2000 and 2013. The Polish primary capital market belongs currently to the most developed capital markets in Europe in terms of both the volume and value of IPOs. The knowledge base of the model is a set of statements. These statements describe real situations, in our case macroeconomic and capital market indicators characterizing the external conditions for IPOs. The weight of these conditional statements or variables determines the extent of the given statements relevance. Our knowledge base includes 14 conditional statements. The outcome of our research is a model proposal which supports managers in decision making about the timing of going public. Choosing the right time of an IPO may help issuers to increase the probability of a successful subscription of new securities.

Klíčová slova

IPO, Macroeconomic Determinants, Fuzzy Modelling, Poland, Capital Market

Autoři

KUČEROVÁ, V.; ZINECKER, M.; MELUZÍN, T.

Rok RIV

2015

Vydáno

5. 5. 2015

Nakladatel

International Business Information Management Association (IBIMA)

Místo

Amsterdam

ISBN

978-0-9860419-4-5

Kniha

Innovation Vision 2020: From Regional Development Sustainability to Global Economic Growth

Edice

Innovation Vision 2020

Číslo edice

1

ISSN

NEUVEDENO

Strany od

1050

Strany do

1056

Strany počet

7

BibTex

@inproceedings{BUT114737,
  author="Vladimíra {Bayerová} and Marek {Zinecker} and Tomáš {Meluzín}",
  title="Fuzzy Model as a Tool for Going Public Predictions",
  booktitle="Innovation Vision 2020: From Regional Development Sustainability to Global Economic Growth",
  year="2015",
  series="Innovation Vision 2020",
  number="1",
  pages="1050--1056",
  publisher="International Business Information Management Association (IBIMA)",
  address="Amsterdam",
  isbn="978-0-9860419-4-5"
}