This paper considers the question of whether raising capital is an important reason why firms go public. Using a sample of 16,958 initial public offerings from 38 countries between 1990 and 2003, we consider differences between firms that sell new, primary shares to the... View more
Belke, Ansgar and Friedrich Schneider, 2003, Privatization in Austria: Some Theoretical Reasons and First Results about the Privatization Proceeds, Privatization Experiences in the EU-Part II, November 1-2, CESifo, Villa La Collina, Cadenabbia/Italy.
Boutchkova, Maria K. and William L. Megginson, 2000, Privatization and the Rise of Global Capital Markets, Financial Management Winter 2000, 31-76
Chemmanur, Thomas J. and Paolo Fulghieri, 1999, A Theory of the Going Public Decision, Review of Financial Studies 12, 249-279
Jenkinson, Tim and Alexander Ljungqvist, 2001, Going Public: The Theory and Evindence on How Companies Raise Equity Finance, 2nd Edition, Oxford University Press
La Porta, Rafael, Lopez-de-Silanes, Florencio, Shleifer, Andrei and Robert W. Vishny, 1997, Legal Determinants of External Finance, Journal of Finance 52, 1131-1150
Mello, A. S. and J. E. Parsons, 1998, Going Public and the Ownership Structure of the Firm, Journal of Financial Economics 49, 79-109
Mikkelson, Wayne H., Megan Partch, and Ken Shah, 1997, Ownership and operating performance of companies that go public, Journal of Financial Economics 44, 281-308.
Pagano, Marco, Panetta, Fabio, and Luigi Zingales, 1998, Why Do Companies Go Public? An Empirical Analysis, Journal of Finance 53, 27-64.
Ritter, Jay, 1991, The long-run performance of initial public offerings, Journal of Finance, 46, 3-27.
Ritter, Jay, 2003, Investment banking and security issuance, in Handbook of the Economics of Finance, edited by Constantinides, Harris and Stulz, North-Holland: Amsterdam.