Detail publikace

Trends in IPOs: The Evidence from CEE Capital Markets

MELUZÍN, T. ZINECKER, M.

Originální název

Trends in IPOs: The Evidence from CEE Capital Markets

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

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.

Klíčová slova

IPO, Going Public, Trends, Financial Markets, CEE

Autoři

MELUZÍN, T.; ZINECKER, M.

Vydáno

1. 6. 2016

Nakladatel

Economic Society Branch in Toruń

Místo

Toruń

ISSN

1689-765X

Periodikum

Equilibrium

Ročník

11

Číslo

2

Stát

Polská republika

Strany od

327

Strany do

341

Strany počet

15

URL

http://apcz.pl/czasopisma/index.php/EQUIL/article/view/EQUIL.2016.015

Plný text v Digitální knihovně

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"
}