| DC Field | Value | Language |
|---|
| dc.contributor.author | Gemra, K. | |
| dc.date.accessioned | 2020-02-26T13:30:39Z | - |
| dc.date.available | 2020-02-26T13:30:39Z | - |
| dc.date.created | 2019-02-28 | |
| dc.date.issued | 2019-02-28 | |
| dc.identifier.citation | Gemra K. IPO costs on the Polish capital market / K. Gemra // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2019. — Vol 6. — No 2. — P. 41–46. | |
| dc.identifier.uri | https://ena.lpnu.ua/handle/ntb/46120 | - |
| dc.description.abstract | The effectiveness of IPO processes is a
frequent research subject for finance scholars. This article
examines the cost of such processes on the Warsaw Stock
Exchange in 2008–2017 based on a sample of 136
companies. Research results indicate that IPO costs for
transactions worth up to PLN 50m are significantly higher
than for the remaining transactions and decline as the value
of the IPOincreases. At the same time, poor state of theWSE
related to the absence of new capital and the loss of trust
among investors due to events related to failure to comply
with corporate governance mean that it may be difficult to
see the return of a larger number of IPOs and the amount of
equity raised in the upcoming years. | |
| dc.format.extent | 41-46 | |
| dc.language.iso | en | |
| dc.publisher | Видавництво Львівської політехніки | |
| dc.publisher | Lviv Politechnic Publishing House | |
| dc.relation.ispartof | Economics, Entrepreneurship, Management, 2 (6), 2019 | |
| dc.subject | IPO | |
| dc.subject | cost of IPO | |
| dc.subject | stock exchange | |
| dc.title | IPO costs on the Polish capital market | |
| dc.type | Article | |
| dc.rights.holder | © Національний університет „Львівська політехніка“, 2019 | |
| dc.contributor.affiliation | Warsaw School of Economics | |
| dc.format.pages | 6 | |
| dc.identifier.citationen | Gemra K. IPO costs on the Polish capital market / K. Gemra // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2019. — Vol 6. — No 2. — P. 41–46. | |
| dc.relation.references | 1. Signori, A., (2018). Zero-revenue IPOs. International Review of Financial Analysis, 57, 106–121. | |
| dc.relation.references | 2. Bessler, W., Schneck, C. &Zimmermann, J., (2017). Growth Strategies of Initial Public Offerings in Europe. | |
| dc.relation.references | 3. Helbing, P., Lucey, B. & Vigne, S., (2019). The determinants of IPO withdrawal – Evidence from Europe. Journal of Corporate Finance, 56, 415–436. | |
| dc.relation.references | 4. Puławski, M. (2013). Koszt pierwszej oferty publicznej na rynku akcji w Polsce w latach 2008–2012. Zeszyty Naukowe Uniwersytetu Szczecińskiego, 63, 418. | |
| dc.relation.references | 5. Pagano, M., Panetta, F. & Zingales, L. (1998). Why do companies go public? An empirical analysis. The Journal of Finance, 53, 1, 27–64. | |
| dc.relation.references | 6. Szyszka, A. ( 2014). Factors influencing IPO decision. Do corporate managers use market and corporate timing? A survey, International Journal of Management and Economics, 42, 1, 30–39. | |
| dc.relation.references | 7. Ritter, J.R. (1987). The costs of going public, Journal of Financial Economics, 19, 2, 269–281. | |
| dc.relation.references | 8. Wawryszuk-Misztal, A. (2015). Expected and Actual Proceeds from Share Issue on the Warsaw Stock Exchange, Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society. Proceedings of the MakeLearn and TIIM Proceedings of the MakeLearn and TIIM Joint International Conference, 27–29 May 2015, Bari, Italy, To Know Press, International Academic Publisher, Bangkok-Celje-Lublin, 1429–1436. | |
| dc.relation.references | 9. Henry, S. & Gregoriou, G. (2014). IPO firm characteristics pre- and post-financial crisis. Academy of Accounting and Financial Studies Journal. 18, 2, 67–76. | |
| dc.relation.references | 10. Rogowski, W. & Gemra, K. (2018). Wpływ przypadku firmy GetBack na różne obszary polskiego rynku finansowego. Kwartalnik Nauk o Przedsiębiorstwie, 4, 89–103. | |
| dc.relation.referencesen | 1. Signori, A., (2018). Zero-revenue IPOs. International Review of Financial Analysis, 57, 106–121. | |
| dc.relation.referencesen | 2. Bessler, W., Schneck, C. &Zimmermann, J., (2017). Growth Strategies of Initial Public Offerings in Europe. | |
| dc.relation.referencesen | 3. Helbing, P., Lucey, B. & Vigne, S., (2019). The determinants of IPO withdrawal – Evidence from Europe. Journal of Corporate Finance, 56, 415–436. | |
| dc.relation.referencesen | 4. Puławski, M. (2013). Koszt pierwszej oferty publicznej na rynku akcji w Polsce w latach 2008–2012. Zeszyty Naukowe Uniwersytetu Szczecińskiego, 63, 418. | |
| dc.relation.referencesen | 5. Pagano, M., Panetta, F. & Zingales, L. (1998). Why do companies go public? An empirical analysis. The Journal of Finance, 53, 1, 27–64. | |
| dc.relation.referencesen | 6. Szyszka, A. ( 2014). Factors influencing IPO decision. Do corporate managers use market and corporate timing? A survey, International Journal of Management and Economics, 42, 1, 30–39. | |
| dc.relation.referencesen | 7. Ritter, J.R. (1987). The costs of going public, Journal of Financial Economics, 19, 2, 269–281. | |
| dc.relation.referencesen | 8. Wawryszuk-Misztal, A. (2015). Expected and Actual Proceeds from Share Issue on the Warsaw Stock Exchange, Managing Intellectual Capital and Innovation for Sustainable and Inclusive Society. Proceedings of the MakeLearn and TIIM Proceedings of the MakeLearn and TIIM Joint International Conference, 27–29 May 2015, Bari, Italy, To Know Press, International Academic Publisher, Bangkok-Celje-Lublin, 1429–1436. | |
| dc.relation.referencesen | 9. Henry, S. & Gregoriou, G. (2014). IPO firm characteristics pre- and post-financial crisis. Academy of Accounting and Financial Studies Journal. 18, 2, 67–76. | |
| dc.relation.referencesen | 10. Rogowski, W. & Gemra, K. (2018). Wpływ przypadku firmy GetBack na różne obszary polskiego rynku finansowego. Kwartalnik Nauk o Przedsiębiorstwie, 4, 89–103. | |
| dc.citation.issue | 2 | |
| dc.citation.spage | 41 | |
| dc.citation.epage | 46 | |
| dc.coverage.placename | Львів | |
| dc.coverage.placename | Lviv | |
| dc.subject.udc | 336.76 | |
| Appears in Collections: | Economics, Entrepreneurship, Management. – 2019. – Vol. 6, No. 2
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