EconStor >
Frankfurt School of Finance and Management, Frankfurt a. M. >
Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management >

Please use this identifier to cite or link to this item:

Full metadata record

DC FieldValueLanguage
dc.contributor.authorSchanz, Kay-Michaelen_US
dc.contributor.authorRichard, Jörgen_US
dc.contributor.authorSchalast, Christophen_US
dc.description.abstractThe dramatic drop in prices on the German stock exchange in the period from 2000 to 2003 was one cause for the rising number of delistings in Germany. This development triggered the study on the aptitude of listed companies to remain listed although the authors were well aware that a negative conclusion would not necessarily imply a company's realistic chance of going private, in particular of obtaining the required financing for such a transaction. The study focused on those companies of the Prime Standard that were not included in one of the indices. Using selected indicators, the authors analyzed the question if and to what extent each of the companies examined had reached the goals normally pursued for an IPO. It was concluded that for the overwhelming majority of those companies studied, a listing on a stock exchange would not make sense (any more): in particular, due to the volume of their market capitalization and the liquidity of their stock, they wouldn't interest the analysts and investors nor would their stock prices adequately reflect their intrinsic values. And, especially during these difficult times, it would be very hard to raise additional capital on the markets.en_US
dc.publisherHfB - Business School of Finance & Management Frankfurt a.
dc.relation.ispartofseriesArbeitsberichte der Hochschule für Bankwirtschaft 60de
dc.subject.keywordgoing privateen_US
dc.subject.keywordmarket capitalisationen_US
dc.subject.keywordstock exchangeen_US
dc.subject.keywordcapital raisingen_US
dc.subject.keywordstock priceen_US
dc.titleUnternehmen im Prime Standard staying public oder going private? Nutzenanalyse der Börsennotizde
dc.typeWorking Paperen_US
Appears in Collections:Frankfurt School - Working Paper Series, Frankfurt School of Finance and Management

Files in This Item:
File Description SizeFormat
498514064.PDF245.65 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.