Innovative companies on NewConnect - regionalization and post-IPO performance

• Autorzy: Szuper Katarzyna

Identyfikatory

DOI

10.29119/1641-3466.2024.203.31

• Języki publikacji: EN

Abstrakty

EN

Purpose: The aim of the study was to present companies debuting on the NewConnect market in Poland and to examine the impact of IPO on the economic situation of innovative firms. The methods of financing these enterprises were analyzed, and a characterization of innovative companies that debuted on the NC market was made. Design/methodology/approach: The aim of the work was achieved by analyzing the literature and conducting research on companies debuting on the NC. The study covered the period from 2007 to 2018, during which 25 innovative enterprises were identified. Findings: The results indicate statistically significant changes in financial liquidity and debt ratios post-IPO. A decrease in innovation levels, measured by the number of patents, was also observed. Notably, a small percentage of companies debuting on NC are innovative, with no correlation between their number and the innovation level of the voivodeship. The study suggests the need for stronger intellectual property protection in Poland and greater regional support for innovation. It also highlights that the NewConnect market does not fully address the financial needs of young, fast-growing enterprises. Originality/value: The problem addressed in the paper has significant practical implications, with research findings that could be beneficial for managers overseeing enterprises and those responsible for guiding innovation strategies and financing methods. This study provides valuable insights into optimizing the financial decisions of innovative companies, especially in the context of alternative markets like NewConnect.

Słowa kluczowe

EN

innovative company; IPO; NewConnect; firm performance

PL

przedsiębiorstwo innowacyjne; IPO; NewConnect; wyniki firmy

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2024
• Tom: z. 203
• Strony: 561--573
• Opis fizyczny: Bibliogr. 28 poz.

Twórcy

autor

Szuper Katarzyna

• Maria Curie-Sklodowska University in Lublin

• https://orcid.org/0000-0003-4191-336X

Bibliografia

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