Analiza wykorzystania funduszy pozyskanych w trakcie debiutu giełdowego przez spółki notowane na Giełdzie Papierów Wartościowych w Warszawie

• Authors: Dudycz, Tadeusz

Title variants

PL

Analysis of the Direction of the Funds Investment Acquired at the IPO, the Case of the Warsaw Stock Exchange

Abstracts

EN

In connection with literature reports that the long-term return on the IPO is lower than the stock indexes, this paper analyzes both the size of the capital obtained from stock and the directions of its investment. The findings of the analysis are pessimistic. Firstly, during the debut the companies raise a lot of capital thus multiplying the equity, which raises the question whether their investment programs are able to absorb such large amounts of capital. Secondly, in the second year after the debut the most popular investment trends are short-term investments and other current assets, which indicates bad investment programs of debuting companies.

Keywords

EN

IPO; abnormal return; WSE

• Publisher: Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
• Journal: Acta Universitatis Lodziensis. Folia Oeconomica
• Year: 2013
• Volume: 278

Dates

published

2013

Contributors

author

Dudycz, Tadeusz

other

Politechnika Wrocławska

Identifiers

URI

http://hdl.handle.net/11089/5565