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The IPO market as a screening device and the going public decision: evidence from acquisitions of privately and publicly held firms

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  • Tomas Mantecon

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  • Paul Thistle

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  • Tomas Mantecon & Paul Thistle, 2011. "The IPO market as a screening device and the going public decision: evidence from acquisitions of privately and publicly held firms," Review of Quantitative Finance and Accounting, Springer, vol. 37(3), pages 325-361, October.
  • Handle: RePEc:kap:rqfnac:v:37:y:2011:i:3:p:325-361
    DOI: 10.1007/s11156-010-0207-y
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    References listed on IDEAS

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    Cited by:

    1. repec:kap:rqfnac:v:49:y:2017:i:2:d:10.1007_s11156-016-0599-4 is not listed on IDEAS
    2. Lian, Qin & Wang, Qiming, 2012. "Acquisition valuations of withdrawn IPOs: When IPO plans turn into mergers," Journal of Banking & Finance, Elsevier, vol. 36(5), pages 1424-1436.
    3. Troy Pollard, 2016. "Sneaking in the back door? An evaluation of reverse mergers and IPOs," Review of Quantitative Finance and Accounting, Springer, vol. 47(2), pages 305-341, August.
    4. Yun Meng & Ninon K. Sutton, 2017. "Is the grass on the other side greener? Testing the cross-border effect for U.S. acquirers," Review of Quantitative Finance and Accounting, Springer, vol. 48(4), pages 917-937, May.

    More about this item

    Keywords

    IPO; Merger; Private equity; Screening; Adverse selection; G32; G34;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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