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MELUZÍN, T. ZINECKER, M.
Originální název
Trends in IPOs: The Evidence from CEE Capital Markets
Typ
článek ve sborníku ve WoS nebo Scopus
Jazyk
angličtina
Originální abstrakt
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.
Klíčová slova
IPO, Going Public, Trends, Financial Markets, CEE
Autoři
MELUZÍN, T.; ZINECKER, M.
Rok RIV
2015
Vydáno
1. 6. 2015
Nakladatel
Institute of Economic Research and Polish Economic Society Branch in Toruń
Místo
Toruń
ISBN
978-83-937843-7-0
Kniha
Proceedings of the 8th International Conference on Applied Economics Contemporary Issues in Economy
Edice
Economics and Finance
Číslo edice
1
ISSN
NEUVEDENO
Strany od
1158
Strany do
1170
Strany počet
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" }