Financial impact analysis of going public at the warsaw stock exchange: Using fuzzy set theory to understand behaviours of mature companies

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dc.contributor.authorSkalická, Martinacs
dc.contributor.authorZinecker, Marekcs
dc.contributor.authorPietrzak, Michał Bernardcs
dc.contributor.authorMeluzín, Tomášcs
dc.contributor.authorDohnal, Mirkocs
dc.coverage.issue1cs
dc.coverage.volume14cs
dc.date.issued2019-03-07cs
dc.description.abstractIn this paper, we intend to contribute evidence in regard to going public financial impact and thus motivation on a sample of mature companies that launched an IPO at the Warsaw Stock Exchange between 2005 and 2015. First, we review recent literature focusing on financial and non-financial consequences of an IPO. Next, we use fuzzy sets and fuzzy reasoning to define a “mature” company and assess financial consequences of going public. Our main conclusion is that the majority of Polish mature companies use an IPO as a channel how to raise capital and accelerate their investments and growth. This contradicts many previous empirical studies highlighting that the main motivation of mature companies to go public is to use the capital raised within an IPO to rebalance their capital structure.en
dc.formattextcs
dc.format.extent59-79cs
dc.format.mimetypeapplication/pdfcs
dc.identifier.citationManagement and Marketing. 2019, vol. 14, issue 1, p. 59-79.en
dc.identifier.doi10.2478/mmcks-2019-0005cs
dc.identifier.issn2069-8887cs
dc.identifier.orcid0000-0003-1764-0904cs
dc.identifier.orcid0000-0001-5238-5166cs
dc.identifier.other157976cs
dc.identifier.researcheridAAL-5760-2021cs
dc.identifier.scopus36976830900cs
dc.identifier.urihttp://hdl.handle.net/11012/200889
dc.language.isoencs
dc.publisherEditura Economicacs
dc.relation.ispartofManagement and Marketingcs
dc.relation.urihttps://content.sciendo.com/view/journals/mmcks/14/1/article-p59.xml?intcmp=trendmdcs
dc.rightsCreative Commons Attribution-NonCommercial-NoDerivatives 4.0 Internationalcs
dc.rights.accessopenAccesscs
dc.rights.sherpahttp://www.sherpa.ac.uk/romeo/issn/2069-8887/cs
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/4.0/cs
dc.subjectIPOen
dc.subjectGoing Publicen
dc.subjectWarsaw Stock Exchangeen
dc.subjectMotivationen
dc.subjectPolanden
dc.subjectFuzzy Setsen
dc.subjectFuzzy Reasoningen
dc.titleFinancial impact analysis of going public at the warsaw stock exchange: Using fuzzy set theory to understand behaviours of mature companiesen
dc.type.driverarticleen
dc.type.statusPeer-revieweden
dc.type.versionpublishedVersionen
sync.item.dbidVAV-157976en
sync.item.dbtypeVAVen
sync.item.insts2025.02.03 15:43:03en
sync.item.modts2025.01.17 15:13:19en
thesis.grantorVysoké učení technické v Brně. Fakulta podnikatelská. Ústav ekonomikycs
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