Publication detail

Trends in IPOs: The Evidence from CEE Capital Markets

MELUZÍN, T. ZINECKER, M.

Original Title

Trends in IPOs: The Evidence from CEE Capital Markets

Type

conference paper

Language

English

Original Abstract

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.

Keywords

IPO, Going Public, Trends, Financial Markets, CEE

Authors

MELUZÍN, T.; ZINECKER, M.

RIV year

2015

Released

1. 6. 2015

Publisher

Institute of Economic Research and Polish Economic Society Branch in Toruń

Location

Toruń

ISBN

978-83-937843-7-0

Book

Proceedings of the 8th International Conference on Applied Economics Contemporary Issues in Economy

Edition

Economics and Finance

Edition number

1

ISBN

NEUVEDENO

Pages from

1158

Pages to

1170

Pages count

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"
}