کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
959600 1478903 2013 28 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.
موضوعات مرتبط
علوم انسانی و اجتماعی مدیریت، کسب و کار و حسابداری حسابداری
پیش نمایش صفحه اول مقاله
The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.
چکیده انگلیسی

From 1990 to 2011, the share of world IPO activity by non-U.S. firms increased because of financial globalization and because of a decrease in U.S. IPO activity. Financial globalization reduces the impact of national institutions on domestic IPO activity and enables more non-U.S. firms from countries with weak institutions to go public with a global IPO. U.S. IPO activity does not benefit from financial globalization. Compared to other countries, the rate of small-firm IPO activity in the U.S. is abnormally low in the 2000s. This abnormally low rate cannot be explained by the regulatory changes of the early 2000s.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Financial Economics - Volume 110, Issue 3, December 2013, Pages 546–573
نویسندگان
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