IPO Survival in a Reputational Market

Article OPEN
Espenlaub, Susanne; Khurshed, Arif; Mohamed, Abdulkadir;
(2012)
  • Publisher: Wiley
  • Related identifiers: doi: 10.1111/j.1468-5957.2012.02280.x
  • Subject: AIM | IPO; new list(ing); survival; delisting; Alternative Investment Market; AIM; Nominated Adviser; Nomad | Survival | Alternative Investment Market | Delisting | IPO | Nominated advisor | Business, Management and Accounting (miscellaneous) | Accounting | Nomad | New list(ing) | /dk/atira/pure/subjectarea/asjc/1400/1401 | /dk/atira/pure/subjectarea/asjc/1400/1402 | /dk/atira/pure/subjectarea/asjc/2000/2003 | Finance

We examine IPO survival in a 'reputational' market, the Alternative Investment Market (AIM), where principle-based regulation pivots on the role of a regulatory agent, the nominated advisor (Nomad) to the IPO company. We find that Nomad reputation has a significant impa... View more
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