The Performance of Initial Public Offerings in the United States and in Poland

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Publisher :
ISBN 13 :
Total Pages : 78 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Performance of Initial Public Offerings in the United States and in Poland by : Maciej W. T. Dworniak

Download or read book The Performance of Initial Public Offerings in the United States and in Poland written by Maciej W. T. Dworniak and published by . This book was released on 1998 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:

A Survey of the European IPO Market

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Publisher : CEPS
ISBN 13 : 9290796588
Total Pages : 94 pages
Book Rating : 4.2/5 (97 download)

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Book Synopsis A Survey of the European IPO Market by :

Download or read book A Survey of the European IPO Market written by and published by CEPS. This book was released on 2006 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Initial Public Offerings (IPO)

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Publisher : Elsevier
ISBN 13 : 0080461670
Total Pages : 463 pages
Book Rating : 4.0/5 (84 download)

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Book Synopsis Initial Public Offerings (IPO) by : Greg N. Gregoriou

Download or read book Initial Public Offerings (IPO) written by Greg N. Gregoriou and published by Elsevier. This book was released on 2011-04-01 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: After the cooling off of IPOs since the dot com bubble, Google has rekindled the fire for IPOs. This IPO reader contains new articles exclusive to this reader by leading academics from around the world dealing with quantitative and qualitative analyses of this increasingly popular and important area of finance. Articles address new methods of IPO performance, international IPOs, IPO evaluation, IPO underwriting, evaluation and bookbuilding. Although numerous articles are technical in nature, with econometric and statistical models, particular attention has been directed towards the understanding and the applicability of the results as well as theoretical development in this area. This reader will assist researchers, academics, and graduate students to further understand the latest research on IPOs.*Interest in IPOs is increasing again after the Google IPO, and IPOs are up significantly from last year*Chapters by well known academics provide an international perspective, describing research results from IPO data in countries spanning the globe*Research is based on real results from IPO data collected over the past 5-7 years

The Analysis of Effects of Initial Public Offering on the Warsaw Stock Exchange

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Publisher : GRIN Verlag
ISBN 13 : 3638484475
Total Pages : 46 pages
Book Rating : 4.6/5 (384 download)

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Book Synopsis The Analysis of Effects of Initial Public Offering on the Warsaw Stock Exchange by : Katarzyna Kopczewska

Download or read book The Analysis of Effects of Initial Public Offering on the Warsaw Stock Exchange written by Katarzyna Kopczewska and published by GRIN Verlag. This book was released on 2006-03-29 with total page 46 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (postgraduate) from the year 2003 in the subject Business economics - Banking, Stock Exchanges, Insurance, Accounting, grade: advanced, Warsaw University (Faculty of Economic Sciences), language: English, abstract: European integration will have a real influence on the shape of the financial market in Poland and in other former socialistic countries which undergone the transformation. To stop the tendency of weakening of Polish stock exchange it is important to recognize mechanisms influencing the decisions of companies about the public sale of shares. Decision of companies about the entry on the stock exchange is driven with the expectation that it will help them in the realization of the particular goals. There are many primary reasons for issuing shares, among other to gain the capital on investments, to acquire prestige, to increase sale etc. In Poland till now the entry on the stock exchange of some companies was a method of the privatization, however this process extinguishes. Going public companies will be owned by private businessmen. Hence, very important is to recognize the original mechanisms of initial public offering (IPO). The analysis of IPO effects, enforced with the use of panel models points, that thanks to funds from going public the company realize investment projects and use resources in compliance with declared destination, i.e. on investments, and not on the debts repayment. Public companies do not change their previous capital structure, the debts after the entry on the stock exchange grow to the level from before IPO. Listing on the stock exchange raises the size of the company, but lowers the rate of its growth and decreases the profitability. Findings from research confirm hypotheses that companies go public from the opportunistic motives and then by the way they realize investment programmes.

Going Public

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Publisher : Oxford University Press, USA
ISBN 13 : 9780198295990
Total Pages : 264 pages
Book Rating : 4.2/5 (959 download)

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Book Synopsis Going Public by : Tim Jenkinson

Download or read book Going Public written by Tim Jenkinson and published by Oxford University Press, USA. This book was released on 2001 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: Going Public investigates why companies routinely underprice themselves as they try to list themselves on the stock exchange. They subsequently underperform over the long-term and, in Going Public, the authors explore these 2 phenomena in plain English.

Empirical Finance

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Publisher : MDPI
ISBN 13 : 3038977063
Total Pages : 276 pages
Book Rating : 4.0/5 (389 download)

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Book Synopsis Empirical Finance by : Shigeyuki Hamori

Download or read book Empirical Finance written by Shigeyuki Hamori and published by MDPI. This book was released on 2019-03-25 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no denying the role of empirical research in finance and the remarkable progress of empirical techniques in this research field. This Special Issue focuses on the broad topic of “Empirical Finance” and includes novel empirical research associated with financial data. One example includes the application of novel empirical techniques, such as machine learning, data mining, wavelet transform, copula analysis, and TV-VAR, to financial data. The Special Issue includes contributions on empirical finance, such as algorithmic trading, market efficiency, market microstructure, portfolio theory and asset allocation, asset pricing models, liquidity risk premium, currency crisis, return predictability, and volatility modeling.

The IPO Decision

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Publisher : Edward Elgar Publishing
ISBN 13 : 9781781008782
Total Pages : 400 pages
Book Rating : 4.0/5 (87 download)

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Book Synopsis The IPO Decision by : Jason Draho

Download or read book The IPO Decision written by Jason Draho and published by Edward Elgar Publishing. This book was released on 2004-01-01 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Initial public offerings (IPOs) garnered unprecedented positive attention in the 1990s for their spectacular returns and central role in entrepreneurial activity. Subsequent revelations of unscrupulous IPO allocation and promotion practices cast a less fa.

OECD Studies on SMEs and Entrepreneurship Poland: Key Issues and Policies

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Publisher : OECD Publishing
ISBN 13 : 9264081917
Total Pages : 227 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis OECD Studies on SMEs and Entrepreneurship Poland: Key Issues and Policies by : OECD

Download or read book OECD Studies on SMEs and Entrepreneurship Poland: Key Issues and Policies written by OECD and published by OECD Publishing. This book was released on 2010-07-23 with total page 227 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book sets out the current SME and entrepreneurship climate, reviews SME and entrepreneurship issues and policies at national and local levels, and provides observations and recommendations for improving and supporting entrepreneurship and SMEs in Poland.

The Future of State-Owned Financial Institutions

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Publisher : Rowman & Littlefield
ISBN 13 : 0815717067
Total Pages : 396 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Future of State-Owned Financial Institutions by : Gerard Caprio

Download or read book The Future of State-Owned Financial Institutions written by Gerard Caprio and published by Rowman & Littlefield. This book was released on 2010-12-01 with total page 396 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In The Role of State-Owned Financial Institutions: Policy and Practice noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and banking regulators. The issues include: methods for effectively managing, reforming, and privatizing state-owned banks; the fiscal costs and contingent liabilities of state-owned banks; macroeconomic implications and the impact of state-owned banking on access to credit in an economy; guidance for effective supervision of state-owned banks; managerial perspectives on improving products, human resources, and risk; management case studies of different methods of privatization, such as initial public offerings, employee stock ownership plans, and strategic investors Contributors include David Binns (Beyster Institute), Robert Cull (World Bank), Ron Gilbert (ESOP Services), James A. Hanson (World Bank), Richard Hemming (International Monetary Fund), Fred Huibers (ING Research), Arminio Fraga (formerly Central Bank of Brazil), Nicholas Lardy (Institute for International Economics), David Marston (International Monetary Fund), Moody's Global Investor Service, Herman Mulder (ABN-Amro), William Nichol (Deutsche Bank AG), Urjit Patel (Infrastructure Development Finance Company, India), and P. S. Srinivas (World Bank).

Privatization in Eastern Europe

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Publisher : Central European University Press
ISBN 13 : 9633864917
Total Pages : 239 pages
Book Rating : 4.6/5 (338 download)

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Book Synopsis Privatization in Eastern Europe by : Roman Frydman

Download or read book Privatization in Eastern Europe written by Roman Frydman and published by Central European University Press. This book was released on 1994-01-01 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Eastern Europe privatization is now a mass phenomenon. The authors propose a model of it by means of an illustration from the example of Poland, which envisages the free provision of shares in formerly public undertakings to employees and consumers, and the provision of corporate finance from foreign intermediaries. One danger that emerges is that of bureaucratization. On the broader canvas, mass privatization implies the reform of the whole system, the creation of a suitable economic infrastructure for a market economy and the institutions of corporate governance. The authors point out the need for a delicate balance between evolution - which may be too slow - and design - which brings the risk of more government involvement than it is able to manage. A chapter originating as a European Bank working paper explores the banking implications of setting up a totally new financial sector with interlocking classes of assets. The economic effects merge into politics as the role of the state is investigated. Teachers and graduate students of public/private sector economies, East European affairs; advisers to bankers or commercial companies with Eastern European interests.

The Essence and Measurement of Organizational Efficiency

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Publisher : Springer
ISBN 13 : 3319211390
Total Pages : 335 pages
Book Rating : 4.3/5 (192 download)

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Book Synopsis The Essence and Measurement of Organizational Efficiency by : Tadeusz Dudycz

Download or read book The Essence and Measurement of Organizational Efficiency written by Tadeusz Dudycz and published by Springer. This book was released on 2015-09-29 with total page 335 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a collection of studies on various organizations’ efficiency, criteria for evaluating efficiency, together with tools and methods for measuring efficiency. The articles included present an interdisciplinary look at efficiency, its essence and the principles of its measurement. They represent an attempt to seek the conceptual boundaries of efficiency, i.e. to clarify this abstract and multidimensional concept including its relation to innovation, competitiveness and intellectual capital. The contributions also identify a broad spectrum of conditions for achieving efficiency in various types of organizations and systems (e.g. health care, hybrid organizations, non-profit organizations), representing various industries (e.g. insurance, banking, tourism, agriculture).

OECD Economic Surveys: Poland 2000

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Publisher : OECD Publishing
ISBN 13 : 9264177345
Total Pages : 205 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis OECD Economic Surveys: Poland 2000 by : OECD

Download or read book OECD Economic Surveys: Poland 2000 written by OECD and published by OECD Publishing. This book was released on 2000-03-01 with total page 205 pages. Available in PDF, EPUB and Kindle. Book excerpt: This 2000 edition of OECD's periodic review of Poland's economy examines recent economic developments, policies and prospects and includes special features on structural reform, the health care system, and reforming the tax system.

Green and Social Economy Finance

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Publisher : CRC Press
ISBN 13 : 1000220028
Total Pages : 243 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis Green and Social Economy Finance by : Karen Wendt

Download or read book Green and Social Economy Finance written by Karen Wendt and published by CRC Press. This book was released on 2021-07-21 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: Green and Social Economy Finance is a compilation of chapters by experts, linking research and practice. This anthology provides a new thinking on social economy green finance, showing emerging themes and trends. It spans from stock markets, green finance, innovations, digitalization to social finance, governance and theories of change. It concentrates on impact, opportunity recognition and development of financial products designed to finance the green and social economy. Without the attraction of capital, social entrepreneurship, and innovations, green finance can face difficulty in addressing business solutions. Green and social economy is a nascent field. The authors address the conceptualization of green and social solutions and identify new trends in the finance industry products and approaches. The book demonstrates that aligning finance and investment with the Paris Agreement, sustainable development goals and needs and interests of society are feasible.

Europe's Growth Champion

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Publisher : Oxford University Press
ISBN 13 : 0198789343
Total Pages : 397 pages
Book Rating : 4.1/5 (987 download)

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Book Synopsis Europe's Growth Champion by : Marcin Piatkowski

Download or read book Europe's Growth Champion written by Marcin Piatkowski and published by Oxford University Press. This book was released on 2018 with total page 397 pages. Available in PDF, EPUB and Kindle. Book excerpt: What makes countries rich? What makes countries poor? Europe's Growth Champion: Insights from the Economic Rise of Poland seeks to answer these questions, and many more, through a study of one of the biggest, and least heard about, economic success stories. Over the last twenty-five years Poland has transitioned from a perennially backward, poor, and peripheral country to unexpectedly join the ranks of the world's high income countries. Europe's Growth Champion is about the lessons learned from Poland's remarkable experience, the conditions that keep countries poor, and the challenges that countries need to face in order to grow. It defines a new growth model that Poland and its Eastern European peers need to adopt to grow and catch up with their Western counterparts. Poland's economic rise emphasizes the importance of the fundamental sources of growth- institutions, culture, ideas, and leaders- in economic development. It demonstrates that a shift from an extractive society, where the few rule for the benefit of the few, to an inclusive society, where many rule for the benefit of many, can be the key to economic success. *IEurope's Growth Champion asserts that a newly emerged inclusive society will support further convergence of Poland and the rest of Central and Eastern Europe with the West, and help to sustain the region's Golden Age. It also acknowledges the future challenges that Poland faces, and that moving to the core of the European economy will require further reforms and changes in Poland's developmental character.

The Financial Economics of Privatization

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Publisher : Oxford University Press
ISBN 13 : 0195150627
Total Pages : 533 pages
Book Rating : 4.1/5 (951 download)

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Book Synopsis The Financial Economics of Privatization by : William L. Megginson

Download or read book The Financial Economics of Privatization written by William L. Megginson and published by Oxford University Press. This book was released on 2005-01-13 with total page 533 pages. Available in PDF, EPUB and Kindle. Book excerpt: Central to the book's content is its focus on where privatisation stands today and what are the next frontiers, the why and how behind countries who privatise certain industries, and whether privatisation works as an economic tool.

Empirical Issues in Raising Equity Capital

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Publisher : North-Holland
ISBN 13 :
Total Pages : 420 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Empirical Issues in Raising Equity Capital by : Mario Levis

Download or read book Empirical Issues in Raising Equity Capital written by Mario Levis and published by North-Holland. This book was released on 1996 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: Hardbound. This volume covers issues of interest to corporate financiers, investment bankers, fund managers and investors involved in the process of raising long-term capital. The papers, which represent original contributions in their specific subject areas, cover a wide range of issues. These include initial public offerings, privatisation issues, seasoned issues and international equity offerings, with empirical evidence from more than eight countries in Europe, the Far East and the Americas. The volume makes a significant contribution to bridging the gap between modern finance theory and corporate financing practice. It is a vital book for postgraduate and Phd finance courses.

IPO Behavior in GCC Countries

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis IPO Behavior in GCC Countries by : Abdullah Al-Hassan

Download or read book IPO Behavior in GCC Countries written by Abdullah Al-Hassan and published by International Monetary Fund. This book was released on 2007 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper documents the phenomenon of underpricing initial public offerings (IPOs) for 47 firms that went public between 2001 and 2006 in the equity markets of the six Gulf Cooperation Council (GCC) countries. The average initial abnormal returns of 290 percent exceed those found in the existing literature for both developed and emerging markets IPOs. Although the IPOs' returns over the one-year horizon beat the market index benchmark, they present negative abnormal returns once initial returns are excluded, which is consistent with findings in other industrial and emerging markets. The empirical models reject the hypothesis that the IPOs' performance is driven by the common independent variables employed in the literature. On the contrary, in the case of the GCC, country- and industry-specific characteristics, in addition to the timing of the offers, play key roles in explaining the abnormal returns of IPOs. This paper's empirical findings support the hypothesis that investors initially tend to be over-optimistic about the performance of IPOs, but grow more pessimistic over time