Factors Influencing IPO Underpricing in Poland

We review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange. Although the topic has been under investigation in the past, we believe that the recent decade of low interest rates deserves inquiry. We research the extent of underpricing during this period a...

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Bibliographic Details
Main Authors:	Przemysław Pomykalski, Piotr Filipiak
Format:	Article
Language:	English
Published:	Lodz University Press 2020-09-01
Series:	Acta Universitatis Lodziensis. Folia Oeconomica
Subjects:	ipo underpricing poland behavioural finance
Online Access:	https://czasopisma.uni.lodz.pl/foe/article/view/4711

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spelling	doaj-9b5818247681444f834add665bde06a52021-03-04T14:01:46ZengLodz University PressActa Universitatis Lodziensis. Folia Oeconomica0208-60182353-76632020-09-01434972110.18778/0208-6018.349.014078Factors Influencing IPO Underpricing in PolandPrzemysław Pomykalski0Piotr Filipiak1Łódź University of Technology, Faculty of Management and Production Engineering, Department of Management Systems and InnovationKoźmiński UniversityWe review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange. Although the topic has been under investigation in the past, we believe that the recent decade of low interest rates deserves inquiry. We research the extent of underpricing during this period and further conclude that three factors had a statistically significant influence on initial public offering underpricing during this period: the year of IPO, risk-free rate and WIG close value.https://czasopisma.uni.lodz.pl/foe/article/view/4711ipounderpricingpolandbehavioural finance
collection	DOAJ
language	English
format	Article
sources	DOAJ
author	Przemysław Pomykalski Piotr Filipiak
spellingShingle	Przemysław Pomykalski Piotr Filipiak Factors Influencing IPO Underpricing in Poland Acta Universitatis Lodziensis. Folia Oeconomica ipo underpricing poland behavioural finance
author_facet	Przemysław Pomykalski Piotr Filipiak
author_sort	Przemysław Pomykalski
title	Factors Influencing IPO Underpricing in Poland
title_short	Factors Influencing IPO Underpricing in Poland
title_full	Factors Influencing IPO Underpricing in Poland
title_fullStr	Factors Influencing IPO Underpricing in Poland
title_full_unstemmed	Factors Influencing IPO Underpricing in Poland
title_sort	factors influencing ipo underpricing in poland
publisher	Lodz University Press
series	Acta Universitatis Lodziensis. Folia Oeconomica
issn	0208-6018 2353-7663
publishDate	2020-09-01
description	We review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange. Although the topic has been under investigation in the past, we believe that the recent decade of low interest rates deserves inquiry. We research the extent of underpricing during this period and further conclude that three factors had a statistically significant influence on initial public offering underpricing during this period: the year of IPO, risk-free rate and WIG close value.
topic	ipo underpricing poland behavioural finance
url	https://czasopisma.uni.lodz.pl/foe/article/view/4711
work_keys_str_mv	AT przemysławpomykalski factorsinfluencingipounderpricinginpoland AT piotrfilipiak factorsinfluencingipounderpricinginpoland
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Factors Influencing IPO Underpricing in Poland

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