...
首页> 外文期刊>Journal of financial economics >The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.
【24h】

The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S.

机译:美国落后了吗?金融全球化和美国境外IPO的兴起

获取原文
获取原文并翻译 | 示例
           

摘要

From 1990 to 2011, the share of world IPO activity by non-U.S. firms increased because of financial globalization and because of a decrease in U.S. IPO activity. Financial globalization reduces the impact of national institutions on domestic IPO activity and enables more non-U.S. firms from countries with weak institutions to go public with a global IPO. U.S. IPO activity does not benefit from financial globalization. Compared to other countries, the rate of small-firm IPO activity in the U.S. is abnormally low in the 2000s. This abnormally low rate cannot be explained by the regulatory changes of the early 2000s.
机译:从1990年到2011年,由于金融全球化和美国IPO活动减少,非美国公司在全球IPO活动中所占的份额有所增加。金融全球化减少了国家机构对国内IPO活动的影响,并使来自机构薄弱国家的更多非美国公司通过全球IPO上市。美国的IPO活动无法从金融全球化中受益。与其他国家相比,美国的小企业IPO活动在2000年代异常低。这种异常低的比率无法用2000年代初期的监管变化来解释。

著录项

  • 来源
    《Journal of financial economics》 |2013年第3期|546-573|共28页
  • 作者单位

    University of Toronto, Rotman School of Management, Toronto, Ont., Canada M5S 3E6;

    Cornell University, Johnson Graduate School of Management, Ithaca, NY 14853, USA;

    The Ohio State University, Fisher College of Business, Columbus, OH 43210, USA ,National Bureau of Economic Research (NBER), Cambridge, MA 02138, USA ,European Corporate Governance Institute (ECGI), Brussels, Belgium;

  • 收录信息
  • 原文格式 PDF
  • 正文语种 eng
  • 中图分类
  • 关键词

    Financial globalization; IPO; Corporate governance;

    机译:金融全球化;IPO;公司治理;

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号