The determinants of IPO firm prospectus length in Africa

摘要: This paper studies the differential impact on IPO firm listing prospectus length from increasing proportions of foreign directors civil as opposed to common law societies and social elites. Using a unique hand-collected comprehensive sample 165 firms across 18 African countries evidence suggests that code is associated with shorter prospectuses while opposite true for their counterparts. Furthermore drawn elevated positions in indigenous society related North Africa being insignificant SSA.