Initial public offering (IPO) as a potential source of capital for the development of the wood-based industry enterprises in Poland

• Autorzy: Wanat Leszek , Sarniak Łukasz , Mikołajczak Elżbieta

Identyfikatory

DOI

10.2478/cqpi-2019-0016

• Języki publikacji: EN

Abstrakty

EN

The quest for new sources of financing for the development of green economy sectors and enterprises is one of the challenges to effective management. This study verifies whether a relationship exists between the activity of selected companies who access the capital market in search for new financing sources, their development level and their competitive edge. The sample used in this study was composed of companies from the forestry and wood-based sector (a major part of the Polish economy) listed on the Warsaw Stock Exchange. The Technique for Order Preference by Similarity to an Ideal Solution (TOPSIS) was used to assess the development level of selected enterprises. The main recommendations were formulated based on the findings from the analysis of performance ratios and from the comparative and descriptive analysis of data on stock exchange transactions in the wood-based sector. This is because the assumption was made that by becoming more active in the capital market and, as a consequence, by strengthening their competitive position, the enterprises covered by this study may contribute to adding value in the circular economy.

Słowa kluczowe

EN

wood-based industry; initial public offering; IPO; capital market; TOPSIS; Poland

PL

przemysł drzewny; oferta publiczna; rynek kapitałowy; Polska

• Wydawca: De Gruyter
• Czasopismo: Quality Production Improvement - QPI
• Rocznik: 2019
• Tom: Vol. 1, Iss. 1
• Strony: 117--123
• Opis fizyczny: Bibliogr. 23 poz., tab.

Twórcy

autor

Wanat Leszek

• Collegium Da Vinci in Poznań, Faculty of Social Sciences, Poland

autor

Sarniak Łukasz

• Poznań University of Life Sciences, Faculty of Economics and Social Sciences, Poland

autor

Mikołajczak Elżbieta

• Poznań University of Life Sciences, Faculty of Economics and Social Sciences, Poland

Bibliografia

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Uwagi

Opracowanie rekordu w ramach umowy 509/P-DUN/2018 ze środków MNiSW przeznaczonych na działalność upowszechniającą naukę (2019).