Marsh, Terry; Gilbey, Kylie Jennifer - In: Journal of Accounting Literature 46 (2023) 1, pp. 105-120
Purpose Australian Securities Exchange (ASX) initial public offerings (IPOs) are an important source of early … VC funding has surged. The authors examine the reason for this divergence between ASX IPO and US VC systems that, with … substitute. Findings The ASX's structure and ecosystem have been critical to its success in fostering early-stage main …