Going Public: Empirical Study of Motives and Efficiency of IPO in CIS

Going Public: Empirical Study of Motives and Efficiency of IPO in CIS

  • Irina Vasilevna Ivashkovskaya Board of Tenured Professors; Department of Economics and Finances of the Firm; Corporate Finance Center http://orcid.org/0000-0003-1409-5250
  • Olga А. Ponomareva HSE
DOI: https://doi.org/10.17323/j.jcfr.2073-0438.2.4.2008.5-22

Abstract

The article presents the results of empirical analysis of IPO’s efficiency for companies from Russia and other emerging markets. At first we examine the structure of the issues and the motives for going public. We analyze the interrelations between the motives and the influence of IPO on the operating results of the firms after IPO. In contrast to most empirical papers we find no significant decrease in operating measurers of efficiency after IPOs in Russia and Kazakhstan. Key words: initial public offering, emerging markets, performance.

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Published
2010-12-31
How to Cite
IvashkovskayaI. V. and PonomarevaO. А. (2010) “Going Public: Empirical Study of Motives and Efficiency of IPO in CIS”, Journal of Corporate Finance Research / Корпоративные Финансы | ISSN: 2073-0438, 2(4), pp. 5-22. doi: 10.17323/j.jcfr.2073-0438.2.4.2008.5-22.
Issue
Vol 2 No 4 (2008)
Section
New Research