Narrow search
Showing 1 - 10 of 25,294
Cover Image
What Drives the Amount of Capital Raised at IPO? Evidence from the Warsaw Stock Exchange
Dudycz, Tadeusz - 2018
This paper examines the impact of market timing and legal changes in 2005, aimed at aligning Polish regulations on financial markets with the UE standards, on the amount of capital raised at initial public offerings (IPOs) on the Warsaw Stock Exchange. We find that although during IPOs firms...
Persistent link: https://www.econbiz.de/10012934305
Cover Image
Paper profits from value, size and momentum : Evidence from the Polish market
Zaremba, Adam; Konieczka, Przemysław - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 3, pp. 58-69
In this paper we investigate sources and characteristics of value, size and momentum profits on the Polish stock market. The research aims to broaden the academic knowledge in a few ways. First, we deliver fresh out-of-sample evidence on value, momentum, and size premiums. Second, we analyzemthe...
Persistent link: https://www.econbiz.de/10011455379
Cover Image
What determines the success of an IPO? : analysis of IPO underpricing on the Warsaw stock exchange
Małachowski, Paweł; Gadowska-dos Santos, Dominika - In: Central European economic journal 8 (2021) 55, pp. 1-14
This article aimed to analyse the factors that influence the level of underpricing of an initial public offering (IPO … 2019. We discuss the theories that explain IPO underpricing and the research conducted so far on the Polish market. In the …-unrecognised factors determining IPO underpricing, which is a contribution to the current research on WSE trends. Our findings point to …
Persistent link: https://www.econbiz.de/10012435564
Cover Image
Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange
Okoń, Szymon - 2012
The following paper aims to assess investor reaction to mandatory offers on the Warsaw Stock Exchange, which is important because knowledge about these reactions can be used to make better investment decisions. This paper highlights the importance of procedure in making a mandatory offer and its...
Persistent link: https://www.econbiz.de/10013097577
Cover Image
Is the success of an issuer an investor success? : evidence from Polish IPOs
Brycz, Bogumila; Dudycz, Tadeusz; Kowalski, Michal J. - In: Baltic journal of economics 17 (2017) 1, pp. 57-77
This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...
Persistent link: https://www.econbiz.de/10011890952
Cover Image
Strategies on Initial Public Offering of Company Equity at Stock Exchanges in Imperfect Highly Volatile Global Capital Markets with Induced Nonlinearities
Ledenyov, Dimitri - 2015
-building. We focus on the IPO initial underpricing, long-run performance and after market liquidity problems. 1. We propose that …-determinant for the successful IPO deal completion. We propose the Ledenyov theory on the origins of the IPO underpricing and long … term underperformance effects, which states that the IPO underpricing and long term underperformance can be explained by …
Persistent link: https://www.econbiz.de/10013026463
Cover Image
Post-IPO Underperformance and the Cross-Section of Stock Returns at the Warsaw Stock Exchange
Zaremba, Adam - 2014
-of-sample evidence for the long-term underperformance of initial public offerings in Poland. The anomaly is particularly strong among the …
Persistent link: https://www.econbiz.de/10013057022
Cover Image
Time-Series Properties of Earnings : The Case of Georgian Stock Exchange
Pirveli, Erekle; Zimmermann, Jochen - 2018
The Georgian Stock Exchange (GeSE) is one of the smallest and most illiquid capital markets worldwide. Inefficient regulation and high transaction costs feature high in describing the embryonic stage of Georgia's stock market. This paper, by supplying first-hand empirical evidence on time-series...
Persistent link: https://www.econbiz.de/10014133390
Cover Image
The low price effect on the Polish market
Zaremba, Adam; Żmudziński, Radosław - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 1, pp. 69-85
In this paper we investigate the characteristics of the low price anomaly, which implies higher returns to stocks with a low nominal price. The research aims to broaden academic knowledge in a few ways. Firstly, we deliver some fresh evidence on the low price effect from the Polish market....
Persistent link: https://www.econbiz.de/10010390247
Cover Image
Momentum Effect on the Mexican Stock Exchange
Cervantes, Mauricio - 2014
The main objective of this research is to analyze whether the momentum effect (Jegadeesh, 1990) and the long-term reverse effect (DeBondt and Thaler, 1985) are observed at the Mexican Stock Exchange, their magnitude, and their significance. These anomalies challenge the efficient market...
Persistent link: https://www.econbiz.de/10013059258