| Abstract |
In an attempt to provide more opportunities for young start-ups to tap external capital market, policymaker has relaxed the minimum listing requirements and created some new markets for start-up ventu...res. However, after the burst of internet bubble in 2000, the volume of IPO has substantially dropped. How to reactivate the IPO markets should be the interest of both policymakers and academic researchers. To address this issue,a deep understanding of why do firms go public is the essential first step. Therefore, in this paper,we conduct a full review of the theory and evidence on the motivation of initial public offerings. We also present future research directions.show more
|
Export Mendeley
p107