valuation gap for firms from developed markets increases by 31% after the GFC – a reversal in financial globalization – while …

globalization and, consequently, the U.S. share of world IPOs fell. It did so most dramatically for small-firm IPOs, for which its …From 1990 to 2011, the share of the world's initial public offering (IPO) activity outside the U.S. increased with … financial globalization. In the 1990s, when financial globalization was lower, there were 0.37 U.S. IPOs for each non-U.S. IPO …