I: THE IPO MARKET1: Introduction
2: Stylized Facts
II: THEORY AND EVIDENCE3: Asymmetric Information
4: Institutional Explanations
5: Ownership and Control
6: Long-Run Performance
III: POLICY IMPLICATIONS7: Privatization
8: Conclusions and Future Developments
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.
`"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