<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>We explore the factors associated with historical IPO failures by developing an IPO failure prediction model that includes accounting information as well as proxies for the role of information intermediaries and other IPO deal-related characteristics. We document statistically...

<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>This paper examines whether a country's corporate transparency environment, which includes the quality of accounting information, contributes to efficient resource allocation. Based on a cross-country study of 37 manufacturing industries in 37 countries, we provide three pieces of...