Detail publikace

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

MELUZÍN, T. ZINECKER, M.

Originální název

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

Typ

článek v časopise - ostatní, Jost

Jazyk

angličtina

Originální abstrakt

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.

Klíčová slova

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

Autoři

MELUZÍN, T.; ZINECKER, M.

Rok RIV

2011

Vydáno

19. 12. 2011

Nakladatel

FaME UTB

Místo

Zlín

ISSN

1804-171X

Periodikum

Journal of Competitiveness

Ročník

3

Číslo

4

Stát

Česká republika

Strany od

121

Strany do

137

Strany počet

17

URL

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

Plný text v Digitální knihovně

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"
}