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Institutional Distance And Foreign Ipo Performance: The Moderating Effects Of Governance And Organizational Capabilities, Robert Greg Bell

Management Dissertations

To date scholars have examined a wide range of factors which impact the ability of firms to raise optimum levels of equity capital in their domestic markets. However, little attention has been paid to the growing number of new listings of foreign firms in Western markets. When firms attempt to raise capital in foreign markets through an IPO, firm characteristics alone fail to provide a complete explanation for the success or failure of a new issue. This study investigates how the institutional profile and legal framework of a country can interact with certain firm-level governance and organizational capabilities to enable …