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Cited by 1,863

The DOI matches its Crossref record; 3 of the 3 references it cites were found in a registry or an index.

Why Do Companies Go Public? An Empirical Analysis

Pagano, Marco, Panetta, Fabio, Zingales, Luigi·1998·The Journal of Finance
DOI 10.1111/0022-1082.25448
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Abstract

Using a large database of private firms in Italy, we analyze the determinants of initial public offerings (IPOs) by comparing the ex ante and ex post characteristics of IPOs with those of private firms. The likelihood of an IPO is increasing in the company's size and the industry's market‐to‐book ratio. Companies appear to go public not to finance future investments and growth, but to rebalance their accounts after high investment and growth. IPOs are also followed by lower cost of credit and increased turnover in control.

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Crossref · 10.1111/0022-1082.25448

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Metadata

Authors
Pagano, M., Panetta, F., & Zingales, L.
Venue
The Journal of Finance
Publisher
Wiley
Published
1998-02
Volume
53
Issue
1
Pages
27-64
ISSN
  • 0022-1082 (ISSN-L)
  • 1540-6261
DOI
10.1111/0022-1082.25448
OpenAlex
W3123782511
Cited by
1,863
References
3
FWCI
152.44
Type
journal article
Language
en
Open access
closed

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Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.