Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1019834 | Journal of Business Venturing | 2007 | 19 Pages |
Abstract
An increasing number of firms are making initial public offerings in foreign markets to circumvent constraints in the availability of capital and to provide an exit for their investors. However, previous research on foreign initial public offerings and their determinants is very limited. In this paper, we contribute to this literature by demonstrating that international experience of the management team and pre-IPO ownership by foreign investors are positively related to foreign initial public offerings. We test our hypotheses using data on initial public offerings of European companies from 1991–2001. The results support our hypotheses. The findings have important implications for entrepreneurs, investors, and public policy.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Jani Hursti, Markku V.J. Maula,