Bharath, Sreedhar T.; Dittmar, Amy K. - In: Review of Financial Studies 23 (2010) 5, pp. 1771-1818
We investigate how firms weigh the costs and benefits of being public in the decision to opt out of the public market and go private. We draw on previous studies of going private and on the subsequent well-developed theoretical literature on why firms go public to develop our hypotheses. We...