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Time to the Full Exit from the Investment of Private Equity Funds on the Warsaw Stock Exchange
Abstract
This paper presents the results of research work on the assessment of the relationship between the time to the full exit from the investment by the initial public offering on the Warsaw Stock Exchange and the ownership structure of the private equity funds’ portfolio companies. Empirical studies indicate that the pre-IPO level of private equity funds’ ownership and the pre-IPO level of ownership concentration in this group of shareholders can be considered as factors influencing the probability of full disinvestment by IPO. The empirical studies have been carried out on a sample of 43 private equity funds portfolio companies whose shares were introduced to public trading on the main market of the Warsaw Stock Exchange for the first time between 2002 and 2014.
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DOI: http://dx.doi.org/10.17951/h.2015.49.4.527
Date of publication: 2016-01-28 11:03:48
Date of submission: 2015-06-03 10:01:34
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