Mayur, Manas and Kumar, Manoj (2006): An Empirical Investigation of Going Public Decision of Indian Companies.
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This paper examines the determinants of the going public decision of the Indian companies. A probit regression model is used to analyze the influence of fundamental financial data of Indian companies on their going public decision. The size, profitability, age and leverage emerged as the significant determinants of going public decision of Indian companies. The statistically insignificant relationship between the financing needs and likelihood of an IPO found in our study is similar to the Pagano et al.,1998 and contrary to the findings of several other studies done on same issue.
|Item Type:||MPRA Paper|
|Original Title:||An Empirical Investigation of Going Public Decision of Indian Companies|
|Keywords:||Initial Public Offerings; Going public decision; emerging markets; India|
|Subjects:||G - Financial Economics > G1 - General Financial Markets > G10 - General|
|Depositing User:||Manas Mayur|
|Date Deposited:||15. Feb 2007|
|Last Modified:||12. Feb 2013 06:38|
Mayur M. and Kumar M., (2006). "An Empirical Investigation of Determinants of Going Public Decision of Indian Companies". Working Paper Series (WPS)Number: 2006-07/06, Indian Institute of Management, Lukhnow.