The US left behind? Financial globalization and the rise of IPOs outside the US

C Doidge, GA Karolyi, RM Stulz - Journal of Financial Economics, 2013 - Elsevier
From 1990 to 2011, the share of world IPO activity by non-US firms increased because of
financial globalization and because of a decrease in US IPO activity. Financial globalization …

The impact of mandatory IFRS adoption on IPOs in global capital markets

HA Hong, M Hung, GJ Lobo - The Accounting Review, 2014 - publications.aaahq.org
This study examines the impact of mandatory IFRS adoption on IPO underpricing and the
relative amount of IPO capital raised in foreign markets. Using a difference-in-differences …

Do firms issue more equity when markets become more liquid?

RM Hanselaar, RM Stulz, MA Van Dijk - Journal of Financial Economics, 2019 - Elsevier
Using quarterly data on initial public offerings (IPOs) and seasoned equity offerings (SEOs)
for 37 countries from 1995 to 2014, we show that changes in equity issuance are positively …

The US left behind: The rise of IPO activity around the world

C Doidge, GA Karolyi, RM Stulz - 2011 - nber.org
During the past two decades, there has been a dramatic change in IPO activity around the
world. Though vibrant IPO activity, attributed to better institutions and governance, used to …

Venture capitalists' experience and foreign IPOs: Evidence from China

J Zhang, H Yu - Entrepreneurship Theory and Practice, 2017 - journals.sagepub.com
Integrating signaling theory with social network theory, we investigate the influence of
venture capitalists'(VCs') IPO experience on the likelihood of foreign IPO successes. Using …

Do firms issue more equity when markets are more liquid?

RM Stulz, D Vagias, MA Van Dijk - 2013 - nber.org
This paper investigates how public equity issuance is related to stock market liquidity. Using
quarterly data on IPOs and SEOs in 36 countries over the period 1995-2008, we show that …

[图书][B] Financial globalization and the rise of IPOs outside the US

C Doidge, GA Karolyi, RM Stulz - 2012 - Citeseer
During the past two decades, the fraction of the world's initial public offerings (IPOs)
accounted for by US firms has fallen sharply. This decrease is attributed to higher IPO …

Diversification of pre-IPO ownership and foreign IPO performance

N Jia - Review of Quantitative Finance and Accounting, 2017 - Springer
We examine the diversification of pre-IPO ownership of foreign-listed firms and how the
presence of pre-IPO shareholders from the host country affects foreign issuer's subsequent …

[PDF][PDF] PERFORMANCE OF CAPITAL MARKETS IN THE EU AND IN TURKEY: COINTEGRATION ANALYSIS.

P Mlodkowski, A Tastulekova - European Integration Studies, 2012 - researchgate.net
When observing economic performance of the European Union and its neighbors, it
becomes evident that there are economies that managed to recover quickly after a short …

International IPO markets and a foreign IPO puzzle

G Colak, C Jens, AM Knill, K Syvrud - Available at SSRN 2446039, 2014 - papers.ssrn.com
We analyze a firm's decision to conduct initial public offerings (IPOs) internationally. Global
IPOs (issuing both domestically and abroad) raise significantly more capital in the …