Doidge, Craig; Karolyi, G. Andrew; Stulz, René M. - In: Journal of Financial Economics 110 (2013) 3, pp. 546-573
From 1990 to 2011, the share of world IPO activity by non-U.S. firms increased because of financial globalization and because of a decrease in U.S. IPO activity. Financial globalization reduces the impact of national institutions on domestic IPO activity and enables more non-U.S. firms from...