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Corporate Governance in IPO Firms

Author

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  • Lehmann, Erik E.
  • Vismara, Silvio

Abstract

An Initial Public Offering (IPO) is a crucial stage in the life of a firm since it allows the firm to emerge and grow. Corporate Governance, intended as the set of mechanisms and institutional designs that ensure that investors get a return on their investment, is a key aspect in the IPO since it ultimately affects its performance as well as the valuation given by the market. In this manuscript, we review the trajectory of the literature on corporate governance using a theoretical framework that distinguishes corporate governance mechanisms from market, authority and institutional mechanisms.

Suggested Citation

  • Lehmann, Erik E. & Vismara, Silvio, 2020. "Corporate Governance in IPO Firms," Annals of Corporate Governance, now publishers, vol. 5(1), pages 1-100, February.
    • Handle: RePEc:now:jnlacg:109.00000012
    DOI: 10.1561/109.00000012
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    References listed on IDEAS

    as
    1. Steven X. Zheng & David A. Stangeland, 2007. "IPO Underpricing, Firm Quality, and Analyst Forecasts," Financial Management, Financial Management Association International, vol. 36(2), pages 1-20, July.
    2. Zattoni, Alessandro & Witt, Michael A. & Judge, William Q. & Talaulicar, Till & Chen, Jean Jinghan & Lewellyn, Krista & Hu, Helen Wei & Gabrielsson, Jonas & Rivas, Jose Luis & Puffer, Sheila & Shukla,, 2017. "Does board independence influence financial performance in IPO firms? The moderating role of the national business system," Journal of World Business, Elsevier, vol. 52(5), pages 628-639.
    3. Luigi Zingales, 1995. "Insider Ownership and the Decision to Go Public," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 62(3), pages 425-448.
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    More about this item

    Keywords

    Corporate governance;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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