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How Does Uncertainty Impact IPO Activity? International Evidence

Demir, Ender; García-Gómez, Conrado Diego; Diez … - 2023

This paper examines the impact of economic uncertainty on IPO activity in 52 countries. Using a dataset of 70,760 IPOs from 1990 to 2021, we find that economic uncertainty (proxied by the World Uncertainty Index) has a negative effect on IPO activity (both IPO count and proceeds). Additionally,...

Persistent link: https://www.econbiz.de/10014353855