Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved]
Background The objective of this study is to explore the macroeconomic factors considered by companies in scheduling initial public offerings (IPOs). Methods The panel data analysis method was employed to investigate the relationship between the frequency of IPOs and selected macroeconomic indicator...
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| Format: | Article |
| Language: | English |
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F1000 Research Ltd
2024-01-01
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| Online Access: | https://f1000research.com/articles/11-763/v2 |
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| author | Esin Benhür Aktürk MUSTAFA ÖZYEŞİL |
| author_facet | Esin Benhür Aktürk MUSTAFA ÖZYEŞİL |
| author_sort | Esin Benhür Aktürk |
| collection | DOAJ |
| description | Background The objective of this study is to explore the macroeconomic factors considered by companies in scheduling initial public offerings (IPOs). Methods The panel data analysis method was employed to investigate the relationship between the frequency of IPOs and selected macroeconomic indicators within the stock markets of G-7 countries spanning from 1999 to 2020. An econometric model utilizing a random effect approach was utilized, employing the Driscoll-Kraay resistant standard estimator to address deviations. Results The analysis revealed that stock market returns exert a statistically significant positive influence on the volume of public offerings. Conclusions Based on these findings, it can be inferred that companies strategically time their IPOs during periods characterized by relatively high stock market returns. |
| format | Article |
| id | doaj-art-00b257ca6a8c4464853726a110690471 |
| institution | Kabale University |
| issn | 2046-1402 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | F1000 Research Ltd |
| record_format | Article |
| series | F1000Research |
| spelling | doaj-art-00b257ca6a8c4464853726a1106904712025-02-04T01:00:00ZengF1000 Research LtdF1000Research2046-14022024-01-0111161194Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved]Esin Benhür Aktürk0https://orcid.org/0000-0001-5756-1042MUSTAFA ÖZYEŞİL1Management organization, İstanbul Aydin University, İstanbul, TurkeyBusiness Administration, Istanbul Aydin Universty, Istanbul, TurkeyBackground The objective of this study is to explore the macroeconomic factors considered by companies in scheduling initial public offerings (IPOs). Methods The panel data analysis method was employed to investigate the relationship between the frequency of IPOs and selected macroeconomic indicators within the stock markets of G-7 countries spanning from 1999 to 2020. An econometric model utilizing a random effect approach was utilized, employing the Driscoll-Kraay resistant standard estimator to address deviations. Results The analysis revealed that stock market returns exert a statistically significant positive influence on the volume of public offerings. Conclusions Based on these findings, it can be inferred that companies strategically time their IPOs during periods characterized by relatively high stock market returns.https://f1000research.com/articles/11-763/v2IPO Wave Stock Returns Panel Data Random Effect Model Driscoll-Kraay Standard Error New Product Developmenteng |
| spellingShingle | Esin Benhür Aktürk MUSTAFA ÖZYEŞİL Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] F1000Research IPO Wave Stock Returns Panel Data Random Effect Model Driscoll-Kraay Standard Error New Product Development eng |
| title | Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] |
| title_full | Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] |
| title_fullStr | Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] |
| title_full_unstemmed | Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] |
| title_short | Macro-economic determinants of the IPO waves: An assessment of G-7 countries [version 2; peer review: 1 approved, 2 approved with reservations, 1 not approved] |
| title_sort | macro economic determinants of the ipo waves an assessment of g 7 countries version 2 peer review 1 approved 2 approved with reservations 1 not approved |
| topic | IPO Wave Stock Returns Panel Data Random Effect Model Driscoll-Kraay Standard Error New Product Development eng |
| url | https://f1000research.com/articles/11-763/v2 |
| work_keys_str_mv | AT esinbenhurakturk macroeconomicdeterminantsoftheipowavesanassessmentofg7countriesversion2peerreview1approved2approvedwithreservations1notapproved AT mustafaozyesil macroeconomicdeterminantsoftheipowavesanassessmentofg7countriesversion2peerreview1approved2approvedwithreservations1notapproved |