Publication detail

Initial Public Offerings: The Relevance of the Market Timing Hypothesis Under Conditions of the Czech Capital Market

MELUZÍN, T. ZINECKER, M.

Original Title

Initial Public Offerings: The Relevance of the Market Timing Hypothesis Under Conditions of the Czech Capital Market

Type

journal article - other

Language

English

Original Abstract

In this article, the authors study the relevance of the market timing hypothesis of going public, which tends to explain the lower post-issue operating performance of Czech initial public offerings.The data collected under the conditions of the Czech capital market are compared with the performance of companies selected from the main European stock exchanges, when they decided to adopt the IPO strategy. Achieving the objective required an empirical survey that involved a collection of accounting data in companies that had completed an initial public offer in the Czech capital market. The data were evaluated by financial performance measures. The comparisons were made using descriptive statistical methods. The research results broaden and deepen the present understanding of the market timing hypothesis in companies going public, particularly in the Czech Republic.

Keywords

Initial Public Offering, Market Timing Theory, Performance Measures, Czech Capital Market

Authors

MELUZÍN, T.; ZINECKER, M.

RIV year

2011

Released

19. 12. 2011

Publisher

FaME UTB

Location

Zlín

ISBN

1804-171X

Periodical

Journal of Competitiveness

Year of study

3

Number

4

State

Czech Republic

Pages from

121

Pages to

137

Pages count

17

URL

https://www.cjournal.cz/index.php?hid=clanek&SET_LANG=cs&bid=archiv&cid=80&cp=2

Full text in the Digital Library

http://hdl.handle.net/11012/70189

BibTex

@article{BUT75906,
  author="Tomáš {Meluzín} and Marek {Zinecker}",
  title="Initial Public Offerings: The Relevance of the Market Timing Hypothesis Under Conditions of the Czech Capital Market",
  journal="Journal of Competitiveness",
  year="2011",
  volume="3",
  number="4",
  pages="121--137",
  issn="1804-171X",
  url="https://www.cjournal.cz/index.php?hid=clanek&SET_LANG=cs&bid=archiv&cid=80&cp=2"
}