Publication detail

Financial impact analysis of going public at the warsaw stock exchange: Using fuzzy set theory to understand behaviours of mature companies

SKALICKÁ, M. ZINECKER, M. PIETRZAK, M. MELUZÍN, T. DOHNAL, M.

Original Title

Financial impact analysis of going public at the warsaw stock exchange: Using fuzzy set theory to understand behaviours of mature companies

Type

journal article in Scopus

Language

English

Original Abstract

In this paper, we intend to contribute evidence in regard to going public financial impact and thus motivation on a sample of mature companies that launched an IPO at the Warsaw Stock Exchange between 2005 and 2015. First, we review recent literature focusing on financial and non-financial consequences of an IPO. Next, we use fuzzy sets and fuzzy reasoning to define a “mature” company and assess financial consequences of going public. Our main conclusion is that the majority of Polish mature companies use an IPO as a channel how to raise capital and accelerate their investments and growth. This contradicts many previous empirical studies highlighting that the main motivation of mature companies to go public is to use the capital raised within an IPO to rebalance their capital structure.

Keywords

IPO, Going Public, Warsaw Stock Exchange, Motivation, Poland, Fuzzy Sets, Fuzzy Reasoning

Authors

SKALICKÁ, M.; ZINECKER, M.; PIETRZAK, M.; MELUZÍN, T.; DOHNAL, M.

Released

7. 3. 2019

Publisher

Editura Economica

Location

București

ISBN

2069-8887

Periodical

Management and Marketing

Year of study

14

Number

1

State

Romania

Pages from

59

Pages to

79

Pages count

21

URL

https://content.sciendo.com/view/journals/mmcks/14/1/article-p59.xml?intcmp=trendmd

Full text in the Digital Library

http://hdl.handle.net/11012/200889

BibTex

@article{BUT157976,
  author="Martina {Skalická} and Marek {Zinecker} and Michał Bernard {Pietrzak} and Tomáš {Meluzín} and Mirko {Dohnal}",
  title="Financial impact analysis of going public at the warsaw stock exchange: Using fuzzy set theory to understand behaviours of mature companies",
  journal="Management and Marketing",
  year="2019",
  volume="14",
  number="1",
  pages="59--79",
  doi="10.2478/mmcks-2019-0005",
  issn="2069-8887",
  url="https://content.sciendo.com/view/journals/mmcks/14/1/article-p59.xml?intcmp=trendmd"
}