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...

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to signal their quality to the outside investors and to issue seasoned equity (SEO) at more favorable terms. While the initial empirical evidence on the signaling hypothesis was weak,...