Level of the First Day Underpricing of Venture Capital Backed IPO for the CEE Region in 2000-2012

Zasępa, Piotr

doi:10.15611/nof.2016.4.05

Author

Zasępa Piotr (Jan Dlugosz University)

Title

Level of the First Day Underpricing of Venture Capital Backed IPO for the CEE Region in 2000-2012
Analiza niedoszacowania transakcji IPO spółek zasilanych funduszami venture capital w Europie Środkowej i Wschodniej w latach 2000-2012

Source

Nauki o Finansach / Uniwersytet Ekonomiczny we Wrocławiu, 2016, nr 4 (29), s. 64-71, tab., bibliogr. 15 poz.
Financial Sciences / Uniwersytet Ekonomiczny we Wrocławiu

Keyword

Pierwsza oferta publiczna, Venture capital, System finansowy
Initial Public Offering (IPO), Venture capital, Financial system

Note

streszcz., summ.

Abstract

Systemy finansowe w krajach postkomunistycznych rozwijały się przez prawie trzy dekady - od czasu transformacji rynkowej. W roku 2004, a później w roku 2007 kraje Europy Środkowej i Wschodniej stały się członkami Unii Europejskiej i w tym czasie silnie rozwijał się rynek finansowy. Istnieją liczne badania, które analizują rozwój rynków kapitałowych, jednak analiza rozwoju inwestycji funduszy venture capital na rynkach kapitałowych nie jest dość częsta. Celem artykułu jest analiza pierwszych ofert publicznych spółek zasilanych funduszami venture capital na giełdach w Warszawie, Pradze, Wiedniu, Bratysławie i Lubljanie w latach 2000-2012.(abstrakt oryginalny)

Financial systems in post-communist countries have been developing for almost three decades since market transformation. In 2004 and later in 2007, ten Central and Eastern European states became members of European Union, and in the majority of them capital markets were created. There have been numerous studies which have examined the development of capital markets, however investigations concerning the development of stock exchanges are not so frequent. The aim of the paper is to analyze the underpricing of VC backed Initial Public Offerings carried out on the exchanges in Warsaw, Prague, Vienna, Bratislava and Lubljana in 2000-2012.(original abstract)

Accessibility

The Main Library of the Cracow University of Economics
The Library of Warsaw School of Economics
The Library of University of Economics in Katowice
The Main Library of Poznań University of Economics and Business
The Main Library of the Wroclaw University of Economics

Full text

Bibliography

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Cited by

ISSN

2080-5993

Language

eng

URI / DOI

BazEkon - The Main Library of the Cracow University of Economics

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