Kaoru, HOSONO; Miho, TAKIZAWA - Research Institute of Economy, Trade and Industry (RIETI) - 2015
Using a large dataset of Japanese firms spanning the period from 1995 to 2011, we analyze private firms' going-public decision as well as their post-initial public offering (IPO) behavior and performance. To this end, we adopt the propensity-score matching difference-in-differences (PSM-DID)...