Going Public: The Theory and Evidence on How Companies Raise Equity Finance / Edition 2

by Tim Jenkinson, Alexander Ljungqvist, Jay Ritter

Overview

During its life, a company must make the critical decision of if, and when, to ‘go public' by listing themselves on the stock exchange. Two anomalies are apparent: that companies taking this route systematically initially underprice their shares and that over the longer term they under-perform other companies. This second edition of Going Public investigates these issues in a non-technical manner.

Product Details

ISBN-13:	9780198295990
Publisher:	Oxford University Press
Publication date:	12/06/2001
Edition description:	REV
Pages:	256
Product dimensions:	8.78(w) x 5.84(h) x 0.75(d)

About the Author

Tim Jenkinson is a lecturer at the University of Oxford and Fellow in Economics at Keble College. He is also a Research Fellow of the Centre for Economic Policy Research in London. He is Managing Editor of the Oxford Review of Economic Policy and member of the editorial board of Oxford Economic Papers.

Alexander Ljungqvist is a Lecturer in Management Studies at the University of Oxford and Bankers Trust Fellow in Finance at Merton College.

Table of Contents

1. I: THE IPO MARKET2. Stylized Facts3. II: THEORY AND EVIDENCE4. Institutional Explanations5. Ownership and Control6. Long-Run Performance7. III: POLICY IMPLICATIONS8. Conclusions and Future Developments

Editorial Reviews

"Recent years have seen an enormous amount of research into the ways companies raise finance from stock markets. This book investigates the issues in a non-technical way."—Business Horizons

From the Publisher