Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey

Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey

This paper explores the motives for Initial Public Offerings (IPOs); that is, whether market mispricing or the behavioral inclinations of investors and analysts impact corporate decisions about rising equity, with a particular focus on market and corporate timing practices of managers going public....

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Bibliographic Details
Main Author: Szyszka Adam
Format: Article
Language:English
Published: Sciendo 2014-11-01
Series:International Journal of Management and Economics
Subjects:
behavioral corporate fnance
managerial biases
ipo
going public
g32
g34
Online Access:https://doi.org/10.2478/ijme-2014-0041
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spelling doaj-fb54a55c9e13424cbeffcbd2527f0a332021-09-05T21:02:05ZengSciendoInternational Journal of Management and Economics2299-97012014-11-01421303910.2478/ijme-2014-0041ijme-2014-0041Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A SurveySzyszka Adam0Capital Markets Department, Warsaw School of EconomicsThis paper explores the motives for Initial Public Offerings (IPOs); that is, whether market mispricing or the behavioral inclinations of investors and analysts impact corporate decisions about rising equity, with a particular focus on market and corporate timing practices of managers going public. To do so, an anonymous survey was conducted of 166 managers of firms that recently went public at the Warsaw Stock Exchange in Poland (being the second most active IPO market in Europe, after London). The resulting data reveals that managers attempt to time bullish markets and good historical corporate financial results.https://doi.org/10.2478/ijme-2014-0041behavioral corporate fnancemanagerial biasesipogoing publicg32g34
collection DOAJ
language English
format Article
sources DOAJ
author Szyszka Adam
spellingShingle Szyszka Adam
Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
International Journal of Management and Economics
behavioral corporate fnance
managerial biases
ipo
going public
g32
g34
author_facet Szyszka Adam
author_sort Szyszka Adam
title Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
title_short Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
title_full Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
title_fullStr Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
title_full_unstemmed Factors Influencing IPO Decisions. Do Corporate Managers Use Market and Corporate Timing? A Survey
title_sort factors influencing ipo decisions. do corporate managers use market and corporate timing? a survey
publisher Sciendo
series International Journal of Management and Economics
issn 2299-9701
publishDate 2014-11-01
description This paper explores the motives for Initial Public Offerings (IPOs); that is, whether market mispricing or the behavioral inclinations of investors and analysts impact corporate decisions about rising equity, with a particular focus on market and corporate timing practices of managers going public. To do so, an anonymous survey was conducted of 166 managers of firms that recently went public at the Warsaw Stock Exchange in Poland (being the second most active IPO market in Europe, after London). The resulting data reveals that managers attempt to time bullish markets and good historical corporate financial results.
topic behavioral corporate fnance
managerial biases
ipo
going public
g32
g34
url https://doi.org/10.2478/ijme-2014-0041
work_keys_str_mv AT szyszkaadam factorsinfluencingipodecisionsdocorporatemanagersusemarketandcorporatetimingasurvey
_version_ 1717781357807009792

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