HOW TO PREDICT THE RISK OF NOT SUFFICIENT FINANCING IN THE COURSE OF THE IPO OF A STEEL COMPANY

I. A. Larionova () and A. G. Valiev

Russian Journal of Industrial Economics, 2015, issue 2

Abstract: The article discusses shares emission as one of ways to attract financial resources necessary to implement investment projects . To perform the quantitative estimation of the risk that the targeted volume of fund attraction will not be reached it is proposed to use the risk coefficient. The article considers the dynamics of risk coefficient change characterizing the level of risk that the targeted volume of fund attraction through the emission of shares by a domestic steel enterprise will not be reached . The level of risk that the targeted volume of fund attraction thorough approach of a domestic or foreign stock exchange is evaluated. Factors influencing the risk level are analyzed. The most crucial factor influencing that the targeted volume of fund attraction will not be reached is found. The dependence between the index characterizing the risk level that the targeted volume of fund attraction will not be reached and the maximal claimed price is determined. It is shown, that this dependence fluctuates in a great measure on the different stages of the economy development. An economic-mathematical model is elaborated to predict the level of risk that the targeted volume of fund attraction in the course of IPO of a steel company will not be reachedÂ

Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ach:journl:y:2015:id:215

DOI: 10.17073/2072-1633-2014-2-73-77

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