Issuing bonds, shares or staying private? Determinants of going public in an emerging economy

References

• de Albornoz, B., & Pope, P. (2004). The determinants of the going public decision: Evidence from the UK. WP-AD 2004-22. Valencia: Instituto Valenciano de Investigaciones Económicas.
   Google Scholar
• Allen, F., Jackowicz, K., Kowalewski, O., & Kozłowski, Ł. (in press). Bank lending, crises, and changing ownership structure in Central and Eastern European countries. Journal of Corporate Finance.
   Google Scholar
• Allen, F., Bartiloro, L., & Kowalewski, O. (2006). Does economic structure determine financial structure? Retrieved from SSRN http://ssrn.com/abstract=891313.
   Google Scholar
• Bodnaruk, A., Kandel, E., Massa, M., & Simonov, A. (2006). Shareholder diversification and the decision to go public. Review of Financial Studies, 21, 2779–2824.
   Web of Science ®Google Scholar
• Denis, D. J., & Mihov, V. T. (2003). The choice among bank debt, non-bank private debt, and public debt: Evidence from new corporate borrowings. Journal of Financial Economics, 70, 3–28.10.1016/S0304-405X(03)00140-5
   Web of Science ®Google Scholar
• Fischer, C. (2000). Why do companies go public? Empirical evidence from Germany’s Neuer Markt. Retrieved from SSRN http://ssrn.com/abstract=229529
   Google Scholar
• Helwege, J., & Liang, N. (1996). Is there a pecking order? Evidence from a panel of IPO firms. Journal of Financial Economics, 40, 429–458.10.1016/0304-405X(95)00851-5
   Web of Science ®Google Scholar
• Helwege, J., & Packer, F. (2003). The decision to go public : Evidence from mandatory SEC filings of private firms the decision to go public: Evidence from mandatory SEC filings of private firms. Working Paper, Fisher College of Business Department of Finance.
   Google Scholar
• Jelic, R., & Briston, R. (2003). Privatisation initial public offerings: The Polish experience. European Financial Management, 9, 457–484.10.1111/eufm.2003.9.issue-4
   Google Scholar
• Kim, W., & Weisbach, M. (2008). Motivations for public equity offers: An international perspective. Journal of Financial Economics, 87, 281–307.10.1016/j.jfineco.2006.09.010
   Web of Science ®Google Scholar
• Kowalewski, O. (2014). Financial system development. In M. A. Weresa, (ed.), Poland Competitiveness Report 2014. A decade in the European Union (pp. 227–246). Warsaw: Warsaw School of Economics Press.
   Google Scholar
• Ljungqvist, A., & Boehmer, E. (2004). On the decision to go public: Evidence from privately-held firms. Discussion Paper Series 1: Economic Studies 16, Deutsche Bundesbank.
   Google Scholar
• Myers, S. C., & Majluf, N. S. (1984). Corporate financing and investment decisions when firms have information that investors do not have. Journal of Finance and Economics, 13, 187–221.10.1016/0304-405X(84)90023-0
   Web of Science ®Google Scholar
• Pagano, M., Panetta, F., & Zingales, L. (1998). Why do companies go public? An empirical analysis. Journal of Finance, 53, 27–64.10.1111/0022-1082.25448
   Web of Science ®Google Scholar
• Pagano, M., & Roell, A. (1998). The choice of stock ownership structure: Agency costs, monitoring, and the decision to go public. Quarterly Journal of Economics, 113, 187–225.10.1162/003355398555568
   Web of Science ®Google Scholar
• Pastor, L., Taylor, L. A., & Veronesi, P. (2008). Entrepreneurial learning, the IPO decision, and the post-IPO drop in firm profitability. Review of Financial Studies, 22, 3005–3046.
   Web of Science ®Google Scholar
• Prorokowski, L., & Roszkowska, P. (2014). Comparison of practitioners’ views on managing equity investments: Evidence from Poland. Baltic Journal of Management, 9, 153–167.10.1108/BJM-04-2013-0073
   Web of Science ®Google Scholar
• PwC. (2014). IPO Watch Europe 2013. London: PricewaterhouseCoopers.
   Google Scholar
• Rajan, R., & Servaes, H. (1997). Analyst following of initial public offerings. Journal of Finance, 52, 507–529.10.1111/j.1540-6261.1997.tb04811.x
   Web of Science ®Google Scholar
• Rees, W. P. (1997). The arrival rate of initial public offers in the UK. European Financial Management, 3, 45–62.10.1111/eufm.1997.3.issue-1
   Google Scholar
• Ritter, J. R. (1991). The long-run performance of initial public offerings. Journal of Finance, 46, 3–27.10.1111/j.1540-6261.1991.tb03743.x
   Web of Science ®Google Scholar
• Ritter, J. R., & Welch, I. (2002). A review of IPO activity, pricing, and allocations. Journal of Finance, 57, 1795–1828.10.1111/1540-6261.00478
   Web of Science ®Google Scholar
• Rydqvist, K., & Högholm, K. (1995). Going public in the 1980s: Evidence from Sweden. European Financial Management, 1, 287–315.10.1111/eufm.1995.1.issue-3
   Google Scholar
• Shirasu, Y., & Xu, P. (2007). The choice of financing with public debt versus private debt: New evidence from Japan after critical binding regulations were removed. Japan and the World Economy, 19, 393–424.10.1016/j.japwor.2006.06.002
   Web of Science ®Google Scholar
• Subrahmanyam, A., & Titman, S. (1999). The going-public decision and the development of financial markets. The Journal of Finance, 54, 1045–1082.10.1111/0022-1082.00136
   Web of Science ®Google Scholar