Financial Centre Bias: Another Puzzling Anomaly in the IPO Market?
This paper shows that firms from financial centres are more likely to go public than their provincial counterparts. The financial centre bias is analysed for 32 countries, including the European Union, the USA and Japan. It is particularly strong in countries with underdeveloped stock markets and cl...
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| Format: | Working paper |
| Language: | English |
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School of Geography and Environment (University of Oxford)
2008
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