Result Details
Rumours Related to Political Instability and their Impact on IPOs. The Use of Qualitative Modelling with Incomplete Knowledge.
Pietrzak Michał Bernard, FBM (FBM)
Balcerzak Adam Przemyslaw, Dr. hab., Ph.D.
Zinecker Marek, prof. Ing., Ph.D., ÚE (FBM), ÚKP (FBM)
Doubravský Karel, Ing., Ph.D., ÚE (FBM), ÚI (FBM), ÚKP (FBM)
Dohnal Mirko, prof. Ing., DrSc., UETE (FEEC), ÚE (FBM), ÚKP (FBM)
This paper deals with propagation of rumours linked to political instability within going public procedure. Rumours affect the decision making significantly because of information asymmetry. Firstly, a team of experts identified a set of 9 macroeconomic variables that are likely to be affected by political instability in a country. Next, a qualitative model was developed. The result is represented by 25 scenarios and their qualitative solutions. The transitional graph represents all possible transitions among the 108 scenarios. Although no of the rumours is under control of the investor, if timely detected, any damages can be averted.
macroeconomics; politics; rumours; going public; qualitative models; scenarios
@article{BUT142873,
author="Tomáš {Meluzín} and Michał Bernard {Pietrzak} and Adam Przemyslaw {Balcerzak} and Marek {Zinecker} and Karel {Doubravský} and Mirko {Dohnal}",
title="Rumours Related to Political Instability and their Impact on IPOs. The Use of Qualitative Modelling with Incomplete Knowledge.",
journal="Polish Journal of Management Studies",
year="2017",
volume="16",
number="2",
pages="171--187",
doi="10.17512/pjms.2017.16.2.15",
issn="2081-7452",
url="
https://pjms.zim.pcz.pl/resources/html/article/details?id=158396
"
}