Detail publikace

The Impact of Rumours Related to Political and Macroeconomic Uncertainty on IPO Success: Evidence from a Qualitative Model

MELUZÍN, T. ZINECKER, M. BALCERZAK, A. DOUBRAVSKÝ, K. PIETRZAK, M.

Originální název

The Impact of Rumours Related to Political and Macroeconomic Uncertainty on IPO Success: Evidence from a Qualitative Model

Typ

článek v časopise ve Web of Science, Jimp

Jazyk

angličtina

Originální abstrakt

This article is dedicated to the propagation of rumours in regard to political and macroeconomic uncertainty related to a going public strategy. Rumours might have an enormous impact on the decision making of market participants due to information asymmetry and thus can explain the timevarying character in volumes of initial public offerings. We model the relation between political uncertainty and firms’ financing decisions while applying the SIRaRu rumour propagation model investigating the dynamics of the rumour spreading in complex social networks. We document how the IPO activity is adversely affected if confounding announcements in regard to political uncertainty are spread. Some realistic conditions on previous rumour spreading models are supplemented and a new qualitative on trends-based model is derived. Moreover, a transitional graph is developed to study all possible past/future behaviour of the examined variables. Additionally, we propose a graphical solution to reconstruct the development of the variables under study over time.

Klíčová slova

macroeconomics, politics, rumours, IPO, qualitative models

Autoři

MELUZÍN, T.; ZINECKER, M.; BALCERZAK, A.; DOUBRAVSKÝ, K.; PIETRZAK, M.

Vydáno

31. 5. 2018

Nakladatel

Vilnius University

Místo

Vilnius, Lithuania

ISSN

1648-4460

Periodikum

Transformations in Business&Economics

Ročník

17

Číslo

2

Stát

Litevská republika

Strany od

148

Strany do

169

Strany počet

22

URL

http://www.transformations.knf.vu.lt/44/article/theim

BibTex

@article{BUT149050,
  author="Tomáš {Meluzín} and Marek {Zinecker} and Adam Przemyslaw {Balcerzak} and Karel {Doubravský} and Michał Bernard {Pietrzak}",
  title="The Impact of Rumours Related to Political and Macroeconomic Uncertainty on IPO Success: Evidence from a Qualitative Model",
  journal="Transformations in Business&Economics",
  year="2018",
  volume="17",
  number="2",
  pages="148--169",
  issn="1648-4460",
  url="http://www.transformations.knf.vu.lt/44/article/theim"
}