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| Author: | Rees, W. |
| Title: | The arrival rate of initial public offers in the UK |
| Journal: | European Financial Management
1997 : MAR, VOL. 3:1, p. 45-62 |
| Index terms: | INITIAL PUBLIC OFFERINGS UNITED KINGDOM MANAGEMENT |
| Language: | eng |
| Abstract: | The Initial Public Offer (IPO) is an important event in the development of a firm yet there is little evidence regarding why firms choose certain times to come to the market. This paper extends the available evidence, concentrating on UK data and addressing a number of economic problems with earlier papers. These advances include acknowledging the non-negative integer characteristics of count data, compensating for non-stationarity in the data, and explicitly testing for causality. |
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