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An Empirical Investigation of Going Public Decision of Indian Companies

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Author Info
Mayur, Manas
Kumar, Manoj

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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.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 1801.

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Date of creation: 2006
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Handle: RePEc:pra:mprapa:1801

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Keywords: Initial Public Offerings Going public decision emerging markets India

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

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