Detail publikace

Reasons for Going Public: Theory vs. Polish Practise

MELUZÍN, T.

Originální název

Reasons for Going Public: Theory vs. Polish Practise

Typ

článek v časopise - ostatní, Jost

Jazyk

angličtina

Originální abstrakt

The aim of this article is to identify the main reasons for the implementation of the IPO strategy according to the contemporary theory, and to compare it with practical approaches to this type of financing in companies that implemented the IPO in the Polish capital market. In agreement with the theoretical approaches, respondents from issuer companies mentioned the raising of external equity to be used to finance development investments as the main reason for the IPO implementation. The second most important reason for the IPO implementation is to use publicly traded shares for later acquisitions and mergers. Other important reasons for the IPO implementation include the increase of publicity and enhancement of the corporate image, increase in the company's attractiveness as an employer, and the determination of its market value. As far as disadvantages associated with the IPO are concerned, it follows from the results of our survey that respondents were mainly concerned about the time demands and the cost of the entire process when deciding whether to implement the IPO. Neither the fear of a loss or a curtailment of the control over the company, of the broadening of the shareholders' structure, nor the fear of strategic information leaks and its disuse by competitors gained any empirical support.

Klíčová slova

IPO, Initial Public Offering, financing, theoretical approaches, practical approaches, Polish capital market

Autoři

MELUZÍN, T.

Rok RIV

2013

Vydáno

16. 7. 2013

Nakladatel

Slezská univerzita v Opavě

Místo

Karviná

ISSN

1212-415X

Periodikum

Acta academica karviniensia

Ročník

2013

Číslo

3

Stát

Česká republika

Strany od

129

Strany do

135

Strany počet

8

BibTex

@article{BUT100509,
  author="Tomáš {Meluzín}",
  title="Reasons for Going Public: Theory vs. Polish Practise",
  journal="Acta academica karviniensia",
  year="2013",
  volume="2013",
  number="3",
  pages="129--135",
  issn="1212-415X"
}