How does uncertainty impact IPO activity? International evidence

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F23%3A63570258" target="_blank" >RIV/70883521:28120/23:63570258 - isvavai.cz</a>
Result on the web
<a href="https://www.sciencedirect.com/science/article/pii/S1544612323008899" target="_blank" >https://www.sciencedirect.com/science/article/pii/S1544612323008899</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.1016/j.frl.2023.104517" target="_blank" >10.1016/j.frl.2023.104517</a>

Result language
angličtina
Original language name
How does uncertainty impact IPO activity? International evidence
Original language description
This paper examines the impact of economic uncertainty on IPO activity in 52 countries. Using a dataset of 70,760 IPOs from 1990 to 2021, we find that economic uncertainty (proxied by the World Uncertainty Index) has a negative effect on IPO activity (both IPO count and proceeds). Additionally, we show that a country's institutional quality, characterized using the World Governance Indicators, alleviates the negative effect of uncertainty on IPO activity. These findings are robust to alternative model specifications. Relevant policy implications are also provided.
Czech name
—
Czech description
—

Type
J<sub>imp</sub> - Article in a specialist periodical, which is included in the Web of Science database
CEP classification
—
OECD FORD branch
50201 - Economic Theory

Publication year
2023
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Similar results(10)