Going Public in Selected CEE Capital Markets: Empirical Evidence on IPO Volumes and Drivers
Going Public in Selected CEE Capital Markets: Empirical Evidence on IPO Volumes and Drivers

Author(s): Sylvia Plottová
Subject(s): National Economy, Economic history, Present Times (2010 - today), Financial Markets
Published by: Masarykova univerzita nakladatelství
Keywords: IPO; gross domestic product; interest rates; industrial production; CEE region;
Summary/Abstract: The article is focused on the quantitative analysis of development of IPOs on the capital market of the Czech Republic, Poland, Slovenia and Hungary over the period between 2010 and 2016. A number of significant changes took place on the world markets mainly the global economic crisis which had significant impact on the IPO activity. It is a well-known fact that IPO numbers in Central and Eastern European capital markets are far below the IPO volumes of their Western counterparts. This article´s objective is to look at the most influential external IPO drivers such as development of interest rates, industrial production rates, gross domestic product growth rates and the local stock exchange indices. In order to determine the impact of such IPO drivers the regression analysis was used.

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