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English
Oxford University Press
01 August 2001
"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):· the capital-raising function of stock markets is particularly important in financing firms and encouraging entrepreneurship and growth· the late 1990s witnessed an IPO boom in many countries, with unprecedented numbers of companies going public· 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· 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· 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."

By:   , , , ,
Imprint:   Oxford University Press
Country of Publication:   United Kingdom
Edition:   2nd Revised edition
Dimensions:   Height: 225mm,  Width: 145mm,  Spine: 18mm
Weight:   487g
ISBN:   9780198295990
ISBN 10:   0198295995
Pages:   256
Publication Date:  
Audience:   Professional and scholarly ,  Undergraduate
Format:   Hardback
Publisher's Status:   Active

Tim Jenkinson is Reader in Business Economics at the Saïd Business School, Oxford University, and Fellow of Keble College, Oxford.; Alexander Ljungqvist is Assistant Professor of Finance at the Stern School of Business, New York University.

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

Jenkinson and Ljungqvist provide a much needed critical review of the vast IPO literature. The coverage is comprehensive and they do a fine job of integrating and evaluating the relative merits of alternative theoretical paradigms in light of the existing empirical evidence. Going Public is an invaluable resource for those conducting research in this area. Professor William J. Wilhelm, Boston College The book by Jenkinson and Ljungqvist combines theory and empirical work on new issue markets for different countries in a scholarly but highly readable fashion. The comparison provides a rare look at cross-country differences. It is a book that is accessible to both researchers and students of corporate finance. Julian Franks, Corporation of London Professor of Finance, London Business School Going Public successfully synthesizes the existing theoretical and empirical research and highlights areas for further research. Students of economics and finance, as well as practitioners, will find many fresh perspectives and insights in this study. Times Higher Education Supplement


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