文章基本信息

标题：Trends in IPOs: The Evidence from CEE Capital Markets
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作者：Tomáš Meluzín ; Tomáš Meluzín ; Marek Zinecker 等
期刊名称：Equilibrium. Quarterly Journal of Economics and Economic Policy
印刷版ISSN：1689-765X
电子版ISSN：2353-3293
出版年度：2016
卷号：11
期号：2
页码：327-341
DOI：10.12775/EQUIL.2016.015
语种：English
出版社：Institute of Economic Research
摘要：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 dif ferent data sets we intend to complement the previous research. Applying descrip tive statistics, relevant local developments are analysed first before being com_x005f?pared with leading European markets (London Stock Exchange and Deutsche Börse). We also investigated the assumption that a growing market has an explan?atory power for the accelerating IPO activity. For this purpose we performed a Spearman correlation analysis. The data were evaluated at the significance level of α = 5 %. 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 sole leader in the region is Poland with a flourishing IPO market. Our assumption that a growing market has a positive impact on IPO activ?ities could not be supported by empirical evidence.
关键词：IPO; Going Public; Trends; Financial Markets; CEE