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 ….S. IPO activity does not benefit from financial globalization. Compared to other countries, the rate of small-firm IPO …