An Empirical Investigation of Going Public Decision of Indian Companies

Manas Mayur () and Manoj Kumar

MPRA Paper from University Library of Munich, Germany

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.

Keywords: Initial Public Offerings; Going public decision; emerging markets; India (search for similar items in EconPapers)
JEL-codes: G10 (search for similar items in EconPapers)
Date: 2006
New Economics Papers: this item is included in nep-cwa
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Citations: View citations in EconPapers (1)

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