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dc.contributor.authorSchanz, Kay-Michaelen
dc.contributor.authorRichard, Jörgen
dc.contributor.authorSchalast, Christophen
dc.date.accessioned2005-07-27-
dc.date.accessioned2009-09-10T13:48:10Z-
dc.date.available2009-09-10T13:48:10Z-
dc.date.issued2004-
dc.identifier.piurn:nbn:de:101:1-2008082597en
dc.identifier.urihttp://hdl.handle.net/10419/27820-
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
dc.language.isogeren
dc.publisher|aHfB - Business School of Finance & Management |cFrankfurt a. M.en
dc.relation.ispartofseries|aHfB - Working Paper Series |x60en
dc.subject.jelG24en
dc.subject.jelK20en
dc.subject.jelK22en
dc.subject.jelL2en
dc.subject.ddc330en
dc.subject.keywordDelistingen
dc.subject.keywordgoing privateen
dc.subject.keywordmarket capitalisationen
dc.subject.keywordIPOen
dc.subject.keywordstock exchangeen
dc.subject.keywordliquidityen
dc.subject.keywordcapital raisingen
dc.subject.keywordstock priceen
dc.titleUnternehmen im Prime Standard staying public oder going private? Nutzenanalyse der Börsennotiz-
dc.typeWorking Paperen
dc.identifier.ppn498514064en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:zbw:fsfmwp:60en

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