The going public decision: Evidence from the IPOs in Italy and in the UK
作者： Stefano Paleari , Enrico Pellizzoni , Silvio Vismara
DOI: 10.1504/IJADS.2008.020321
关键词: Stock exchange 、 Financial system 、 Leverage (finance) 、 Initial public offering 、 Debt 、 Equity (finance) 、 Capital structure 、 Finance 、 Economics 、 Public decision
摘要: This paper offers insight into the question of why only few companies go public in Continental Europe. By comparing Italian and London Stock Exchange, we draw attention to some differences between equity markets continental Europe those Anglo-Saxon countries. The main difference is that going on LSE usually use capital raised rebalance their structure, while Italy IPO as a means temporarily lower debt exposure then access further an improved bargaining position with banks.
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