Matches in SemOpenAlex for { <https://semopenalex.org/work/W2587997722> ?p ?o ?g. }
Showing items 1 to 99 of
99
with 100 items per page.
- W2587997722 abstract "The literature on corporate financing is quite extensive. However, researchers have so far not shed light on the IPO determining factors in Europe as a whole. This paper addresses three main questions observing more than 9000 IPOs performed during a period from 1991 to 2014. First, the macroeconomic and country-specific factors leading to IPO fluctuation in Europe are identified. Second, the question whether firm characteristics change prior to the IPO, indicating window dressing of the financial statements, is addressed. Finally, various firm characteristics are considered to identify differences between firms in successful and withdrawn IPOs, as well as IPOs during a boom cycle and a recession. I am able to reject the hypothesis that IPO fluctuation follows the business cycle. IPO activity rather follows the path of stock market returns, suggesting that firms act opportunistically, taking advantage of relatively low equity costs. There is strong evidence that the number and volume of IPOs follow a mean reverting tendency. Successful firms, in addition, disclose lower interest burden relative to EBITDA, indicating that investors value high funding costs negatively, penalising firms that follow the pecking order theory. More precisely, firms that want to raise equity due to high interest burden, are more likely to fail with their IPO." @default.
- W2587997722 created "2017-02-24" @default.
- W2587997722 creator A5021128623 @default.
- W2587997722 date "2016-01-01" @default.
- W2587997722 modified "2023-09-27" @default.
- W2587997722 title "Determinants of IPO Activity: Does IPO Activity Fluctuate in Accordance with the Business Cycle? Evidence from European Firms" @default.
- W2587997722 cites W1559226723 @default.
- W2587997722 cites W1567878620 @default.
- W2587997722 cites W1678156162 @default.
- W2587997722 cites W2023374566 @default.
- W2587997722 cites W2096381076 @default.
- W2587997722 cites W2097240870 @default.
- W2587997722 cites W2099597383 @default.
- W2587997722 cites W2116213817 @default.
- W2587997722 cites W2120268220 @default.
- W2587997722 cites W2123195276 @default.
- W2587997722 cites W2128700774 @default.
- W2587997722 cites W2133234069 @default.
- W2587997722 cites W2134253505 @default.
- W2587997722 cites W2135396276 @default.
- W2587997722 cites W2137199398 @default.
- W2587997722 cites W2140358882 @default.
- W2587997722 cites W2147225826 @default.
- W2587997722 cites W2160845694 @default.
- W2587997722 cites W3123192906 @default.
- W2587997722 cites W3124143577 @default.
- W2587997722 cites W3125563611 @default.
- W2587997722 doi "https://doi.org/10.2139/ssrn.2867098" @default.
- W2587997722 hasPublicationYear "2016" @default.
- W2587997722 type Work @default.
- W2587997722 sameAs 2587997722 @default.
- W2587997722 citedByCount "0" @default.
- W2587997722 crossrefType "journal-article" @default.
- W2587997722 hasAuthorship W2587997722A5021128623 @default.
- W2587997722 hasConcept C10138342 @default.
- W2587997722 hasConcept C106159729 @default.
- W2587997722 hasConcept C12559387 @default.
- W2587997722 hasConcept C127413603 @default.
- W2587997722 hasConcept C141441539 @default.
- W2587997722 hasConcept C144133560 @default.
- W2587997722 hasConcept C162324750 @default.
- W2587997722 hasConcept C165556158 @default.
- W2587997722 hasConcept C17744445 @default.
- W2587997722 hasConcept C195742910 @default.
- W2587997722 hasConcept C199539241 @default.
- W2587997722 hasConcept C199728807 @default.
- W2587997722 hasConcept C204036174 @default.
- W2587997722 hasConcept C2781426361 @default.
- W2587997722 hasConcept C556758197 @default.
- W2587997722 hasConcept C78519656 @default.
- W2587997722 hasConcept C81657359 @default.
- W2587997722 hasConcept C83873408 @default.
- W2587997722 hasConcept C87717796 @default.
- W2587997722 hasConceptScore W2587997722C10138342 @default.
- W2587997722 hasConceptScore W2587997722C106159729 @default.
- W2587997722 hasConceptScore W2587997722C12559387 @default.
- W2587997722 hasConceptScore W2587997722C127413603 @default.
- W2587997722 hasConceptScore W2587997722C141441539 @default.
- W2587997722 hasConceptScore W2587997722C144133560 @default.
- W2587997722 hasConceptScore W2587997722C162324750 @default.
- W2587997722 hasConceptScore W2587997722C165556158 @default.
- W2587997722 hasConceptScore W2587997722C17744445 @default.
- W2587997722 hasConceptScore W2587997722C195742910 @default.
- W2587997722 hasConceptScore W2587997722C199539241 @default.
- W2587997722 hasConceptScore W2587997722C199728807 @default.
- W2587997722 hasConceptScore W2587997722C204036174 @default.
- W2587997722 hasConceptScore W2587997722C2781426361 @default.
- W2587997722 hasConceptScore W2587997722C556758197 @default.
- W2587997722 hasConceptScore W2587997722C78519656 @default.
- W2587997722 hasConceptScore W2587997722C81657359 @default.
- W2587997722 hasConceptScore W2587997722C83873408 @default.
- W2587997722 hasConceptScore W2587997722C87717796 @default.
- W2587997722 hasLocation W25879977221 @default.
- W2587997722 hasOpenAccess W2587997722 @default.
- W2587997722 hasPrimaryLocation W25879977221 @default.
- W2587997722 hasRelatedWork W157197895 @default.
- W2587997722 hasRelatedWork W1966557692 @default.
- W2587997722 hasRelatedWork W2124843943 @default.
- W2587997722 hasRelatedWork W2144876345 @default.
- W2587997722 hasRelatedWork W2187732767 @default.
- W2587997722 hasRelatedWork W2470090983 @default.
- W2587997722 hasRelatedWork W2563494688 @default.
- W2587997722 hasRelatedWork W2608494363 @default.
- W2587997722 hasRelatedWork W2778792847 @default.
- W2587997722 hasRelatedWork W2891497687 @default.
- W2587997722 hasRelatedWork W2898571288 @default.
- W2587997722 hasRelatedWork W2901827279 @default.
- W2587997722 hasRelatedWork W2986423163 @default.
- W2587997722 hasRelatedWork W3004163509 @default.
- W2587997722 hasRelatedWork W3044940531 @default.
- W2587997722 hasRelatedWork W3082673429 @default.
- W2587997722 hasRelatedWork W3121615018 @default.
- W2587997722 hasRelatedWork W3126118044 @default.
- W2587997722 hasRelatedWork W3147197957 @default.
- W2587997722 hasRelatedWork W953150734 @default.
- W2587997722 isParatext "false" @default.
- W2587997722 isRetracted "false" @default.
- W2587997722 magId "2587997722" @default.
- W2587997722 workType "article" @default.