Original scientific paper
https://doi.org/10.1080/1331677X.2016.1152559
Does public offering improve company’s financial performance? The example of Poland
Radosław Pastusiak
orcid.org/0000-0003-4878-2008
Katarzyna Miszczyńska
Bartłomiej Krzeczewski
Abstract
The main aim of this article is to compare the financial performance of
private and publicly traded companies in accordance with ownership
structure and size. The analysis carried out in the article leads to the
conclusion that in Poland private companies perform better than
companies that are publicly traded on the Warsaw Stock Exchange
(WSE). Statistically significant results are obtained for medium-sized
companies. Moreover, it turns out that medium-sized enterprises
operate better than large companies as far as profitability is concerned, at least in the group of private companies where results are statistically significant. The analyses conducted in the article are aimed at filling in the gap in studies comparing profitability between publicly traded and private companies.
Keywords
Initial public offering (IPO); financial performance; financial efficiency; agency theory
Hrčak ID:
171709
URI
Publication date:
22.12.2016.
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