External Determinants of Going Public in the Czech Republic and in Poland

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dc.contributor.authorMeluzín, Tomášcs
dc.contributor.authorZinecker, Marekcs
dc.coverage.issue1cs
dc.coverage.volume213cs
dc.date.accessioned2020-08-06T14:58:12Z
dc.date.available2020-08-06T14:58:12Z
dc.date.issued2015-12-22cs
dc.description.abstractThis study deals with Initial Public Offering (IPO) developments in the Czech Republic and Poland over the period 2000 - 2012 and aims to indicate the influence of external going public determinants, in particular the capital market size- and liquidity-indicators, on IPO numbers and values. Our sample includes enterprises that conducted an IPO on the main markets of the Prague and Warsaw Stock Exchanges. The following steps were undertaken to analyse the quantitative data. Firstly, we performed a quantitative analysis of the Czech and Polish capital market in order to draw attention to certain specific issues existing on these markets between 2000 and 2012. Next, we compared internal IPO characteristics on the particular capital markets with the empirical evidence on IPOs in the Central and Eastern Europe- and EU-wide capital markets. Our results indicate the favourable development of fundamental capital market indicators on the Warsaw Stock Exchange. This could be seen as a signal of increasing market attractiveness for both investors and potential issuers (IPO candidates) and thereby accelerate IPO activity. On the other hand, the size and liquidity of the Czech capital market still represents an investment barrier.en
dc.formattextcs
dc.format.extent364-369cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationProcedia Social and Behavioral Sciences. 2015, vol. 213, issue 1, p. 364-369.en
dc.identifier.doi10.1016/j.sbspro.2015.11.552cs
dc.identifier.issn1877-0428cs
dc.identifier.other144322cs
dc.identifier.urihttp://hdl.handle.net/11012/194769
dc.language.isoencs
dc.publisherElseviercs
dc.relation.ispartofProcedia Social and Behavioral Sciencescs
dc.relation.urihttps://www.sciencedirect.com/science/article/pii/S1877042815059078cs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/1877-0428/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectIPOen
dc.subjectGoing Publicen
dc.subjectCapital Marketen
dc.subjectMacroeconomicsen
dc.subjectPolanden
dc.subjectCzech Republicen
dc.subjectCentral and Eastern Europeen
dc.subjectCEEen
dc.titleExternal Determinants of Going Public in the Czech Republic and in Polanden
dc.type.driverconferenceObjecten
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-144322en
sync.item.dbtypeVAVen
sync.item.insts2020.08.06 16:58:12en
sync.item.modts2020.08.06 16:15:40en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
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