This paper examines the impact of the par value concept on the success of new issues during initial public offering (IPO) and the subsequent efficiency of companies. The study is based on a sample of IPO firms which went public on the Warsaw Stock Exchange from 1998 to 2013. The paper shows that...

A strong trend towards the implementation and use of International Financial Reporting Standards (IFRS) changes the accounting reporting model and replaces cost-based measures with market-based measures. Based on the decision-making usefulness, the fair value has become a dominant measurement...

This article examines the impact of share capital on companies' performance as well as the effect of accounting information on companies' market performance and the impact of pre-IPO information on the predictive power of companies' performance after an initial public offering (IPO). The...

As Neveu writes - the concept of leverage is very general, in literature it is defined and measured in different ways. In the article we systematize the definitions and the manners of measurement of the three kinds of leverages, distinguishing two approaches: static and dynamic. We prove, that...

The choice of legal form affects many aspects of the company's operation and is one of the key decisions that an entrepreneur must make. In this article, we conduct a comparative analysis of six legal forms of companies in terms of efficiency, indebtedness, growth and risk. Based on 72,596...

This volume offers a collection of studies on problem of organization’s efficiency, criteria for evaluating the efficiency, tools and methods for measuring the efficiency. The articles included present an interdisciplinary look at efficiency, its essence and the principles of its measurement....

This paper examines whether investors use information contained in the prospectus as indicators of firm quality and incorporate this information when pricing an IPO firm, and then it relates these IPO valuations to post-IPO returns. The study is based on a sample of IPO firms that went public on...

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...