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An Empirical Investigation of Going Public Decision of Indian Companies

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  • Mayur, Manas
  • Kumar, Manoj

Abstract

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.

Suggested Citation

  • Mayur, Manas & Kumar, Manoj, 2006. "An Empirical Investigation of Going Public Decision of Indian Companies," MPRA Paper 1801, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:1801
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    File URL: https://mpra.ub.uni-muenchen.de/1801/1/MPRA_paper_1801.pdf
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    References listed on IDEAS

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    Cited by:

    1. Agnieszka Slomka-Golebiowska, 2014. "Bankers on boards as corporate governance mechanism: evidence from Poland," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 18(4), pages 1019-1040, November.

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    More about this item

    Keywords

    Initial Public Offerings; Going public decision; emerging markets; India;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)

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