Corporate managers often cite improved firm visibility as a motive for listing on the New York Stock Exchange (NYSE). We use three proxies to test this motive: the number of analysts following a firm, the number of institutional shareholders, and the number of shares held by institutions. We...

Corporate managers often cite improved visibility as a motive for listing. Recent studies suggest that firms list after a period of strong growth, which may also attract increased visibility. This study examines listing as a determinant of firm visibility levels. We compare visibility changes...