Location:  Home » Economics Books » Going Public: The Theory and Evidence on How Companies Raise Equity Finance  

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

Going Public: The Theory and Evidence on How Companies Raise Equity FinanceAuthors: Tim Jenkinson, Alexander Ljungqvist
Creator: Jay Ritter
Publisher: Oxford University Press, USA
Category: Book

List Price: $104.99
Buy New: $65.00
as of 3/10/2010 15:29 WIT details
You Save: $39.99 (38%)



New (10) Used (9) from $65.00

Seller: stringtickler
Rating: 3.0 out of 5 stars 2 reviews

Media: Hardcover
Edition: 2
Pages: 208
Number Of Items: 1
Shipping Weight (lbs): 0.9
Dimensions (in): 8.6 x 5.5 x 0.8

ISBN: 0198295995
Dewey Decimal Number: 658.15224
EAN: 9780198295990

Availability: Usually ships in 1-2 business days
Also Available In:

  • Hardcover - Going Public: The Theory and Evidence on How Firms Raise Equity Finance
Similar Items:

Editorial Reviews:

Product Description
During its life, a company must make the critical decision of if, and when, to `go public' by listing themselves on the stock exchange. Two anomalies are apparent: that companies taking this route systematically initially underprice their shares and that over the longer term they under-perform other companies. This second edition of Going Public investigates these issues in a non-technical manner.

Customer Reviews:
4 out of 5 stars a good interpretation of the academic literature   May 11, 2000
4 out of 4 found this review helpful

Financial economists (academics) have an interesting way of interpreting the world. When it comes to IPOs, what practitioners think and do and what the academics "think" that they do are often different.

This book is a solid contribution for those who what the academic IPO literature interpreted for them. It succeeds admirably at what it does, which is to interpret the findings of a lot of published studies in the finance journals that are hard to wade through unless you are a PhD in economics.

I teach finance to MBAs and this book was an excellent review and synthesis for me and fairly accessible to my MBAs. I understand the book has been updated in '99. That is good, since this topic is still in flux.

This is NOT a "how to" go public book. It is a valuable conpendium of how economists think about IPOs.


2 out of 5 stars Good basic textbook on IPO's   April 3, 2000
Jan Klawer (Amsterdam, The Netherlands)
1 out of 2 found this review helpful

If you're lookin for an extensive overview of all the basic theories of IPOs, this is a good book. It's like an "IPOs for Dummies". Focus is a bit too much on Underpricing, however. I missed good overviews of Long Term Underperformance and Hot Issue Markets. Quite old (1996) so a lot of important work is not covered. New version was released 1999.