IDEAS home Printed from https://ideas.repec.org/b/oxp/obooks/9780198295990.html
   My bibliography  Save this book

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

Author

Listed:
  • Jenkinson, Tim

    (Reader in Business Economics, Said Business School, Oxford University, and Fellow of Keble College, Oxford)

  • Ljungqvist, Alexander

    (Assistant Professor of Finance, Stern Business School, New York University)

Abstract

In recent years there has been an enormous amount of research into the way companies raise finance from stock markets. There are many reasons for this interest in 'initial public offerings' (IPOs): DT the capital-raising function of stock markets is particularly important in financing firms and encouraging entrepreneurship and growth DT the late 1990s witnessed an IPO boom in many countries, with unprecedented numbers of companies going public DT two stylized facts appear to be valid in many countries: IPOs are initially systematically underpriced, often by dramatic amounts, and over the longer term they seem to under-perform other companies. The attempt to explain these phenomena has resulted in a burgeoning theoretical literature DT there is a continuing policy debate over the most appropriate institutional arrangements to enable firms to access the stock market in an efficient manner, including the roles of financial intermediaries, institutional investors, and the rules laid down by stock exchanges DT privatizations are a particular type of IPO, and the world-wide trend towards privatization has raised many questions regarding the most appropriate ways to sell companies to the public. "Going Public" is the first book to investigate the issues in a non-technical manner, drawing upon international evidence from private sector companies and privatizations. Building on the success of the first edition, this second edition of "Going Public" has been comprehensively revised and updated throughout.

Suggested Citation

  • Jenkinson, Tim & Ljungqvist, Alexander, 2001. "Going Public: The Theory and Evidence on How Companies Raise Equity Finance," OUP Catalogue, Oxford University Press, edition 2, number 9780198295990.
  • Handle: RePEc:oxp:obooks:9780198295990
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oxp:obooks:9780198295990. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Economics Book Marketing) or (Christopher F. Baum). General contact details of provider: http://www.oup.com/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.