Journal article
Initial Public Offerings: A Synthesis of the Literature and Directions for Future Research
Foundations and trends in finance, v 11(3-4)
28 Nov 2017
Abstract
The purpose of this monograph is to provide an overview of
the IPO literature since 2000. The fewer numbers of companies
going public in recent years has raised many questions
regarding the IPO process, in both academic and regulatory
circles. As we all strive to understand these changes in the
market, it is especially important to understand the dynamics
underlying the IPO process. If the process of going public
is too costly or the IPO mechanism is plagued by too many
conflicts of interest among the various intermediaries, then
private companies may rationally choose other methods of
raising capital. In a related vein, it is imperative that new
regulations not be based on research focusing solely on large,
more mature firms. Newly public firms have unique characteristics,
and an increased understanding of such issues will
contribute positively to well-functioning public markets and
further growth of the entrepreneurial sector.
We also provide a detailed guide to researchers on how to
obtain a research-quality sample of IPOs, from standard data
sources. Related to this, we tabulate important corrections
to these standard data sources.
Metrics
63 Record Views
98 citations in Scopus
Details
- Title
- Initial Public Offerings: A Synthesis of the Literature and Directions for Future Research
- Creators
- Michelle Lowry - Drexel UniversityRoni Michaely - Cornell UniversityEkaterina Volkova - University of Melbourne
- Publication Details
- Foundations and trends in finance, v 11(3-4)
- Publisher
- Now Publishers
- Number of pages
- 170
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Finance
- Scopus ID
- 2-s2.0-85036587731
- Other Identifier
- 991019174585104721