In recent years the number of going private transactions has considerably increased in emerging markets. The purpose of this study is to define the financial characteristics of companies that have gone private using a dataset comprising Polish companies. By applying a probit model we were able...

Der Beitrag ist wie folgt aufgebaut. In Abschnitt 2 wird zunächst der Begriff des Going Private definiert und anhand kurzer Ausführungen zu den handelnden Akteuren Einblicke in die Funktionsweise des deutschen Going Private-Marktes vermittelt. In Abschnitt 3 wird die zu überprüfende...

The dramatic drop in prices on the German stock exchange in the period from 2000 to 2003 was one cause for the rising number of delistings in Germany. This development triggered the study on the aptitude of listed companies to remain listed although the authors were well aware that a negative...

In recent years the number of going private transactions has considerably increased in emerging markets. The purpose of this study is to define the financial characteristics of companies that have gone private using a dataset comprising Polish companies. By applying a probit model we were able...

One influential criticism of the stock market oriented U.S. financial system is that its excessive focus on short term quarterly earnings forces public firms to behave in a myopic manner. We hypothesize that if capital markets pressure listed firms to be myopic in a way that impacts efficiency,...

We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We...