Going Public: The Theory and Evidence on How Firms Raise Equity Finance [Hardcover]

Tim Jenkinson (Author), Alexander Ljungqvist (Author)

Book Description

Publication Date: December 5, 1996 | ISBN-10: 0198290772 | ISBN-13: 978-0198290773

In recent years there has been an enormous amount of research into the way companies raise finance from stock markets. There are many reasons for this interest in "initial public offerings" (IPOs)--Going Public is the first book to investigate the issues in a non-technical manner, drawing upon international evidence from private sector companies and privatizations.

Editorial Reviews

Review

"Recent years have seen an enormous amount of research into the ways companies raise finance from stock markets. This book investigates the issues in a non-technical way."--Business Horizons

About the Author

Tim Jenkinson is a lecturer at the University of Oxford and Fellow in Economics at Keble College. He is also a Research Fellow of the Centre for Economic Policy Research in London. He is Managing Editor of the Oxford Review of Economic Policy and member of the editorial board of Oxford Economic Papers.

Alexander Ljungqvist is a Lecturer in Management Studies at the University of Oxford and Bankers Trust Fellow in Finance at Merton College.
--This text refers to an alternate Hardcover edition.

Product Details

• Hardcover: 184 pages
• Publisher: Oxford University Press, USA (December 5, 1996)
• Language: English
• ISBN-10: 0198290772
• ISBN-13: 978-0198290773
• Product Dimensions: 9 x 6 x 1 inches
• Shipping Weight: 1.4 pounds
• Average Customer Review: 3.0 out of 5 stars  See all reviews (2 customer reviews)
• Amazon Best Sellers Rank: #6,214,355 in Books (See Top 100 in Books)

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Customer Reviews

Most Helpful Customer Reviews

5 of 5 people found the following review helpful:

4.0 out of 5 stars a good interpretation of the academic literature, May 11, 2000

By A Customer

This review is from: Going Public: The Theory and Evidence on How Firms Raise Equity Finance (Hardcover)

Financial economists (academics) have an interesting way of interpreting the world. When it comes to IPOs, what practitioners think and do and what the academics "think" that they do are often different.

This book is a solid contribution for those who what the academic IPO literature interpreted for them. It succeeds admirably at what it does, which is to interpret the findings of a lot of published studies in the finance journals that are hard to wade through unless you are a PhD in economics.

I teach finance to MBAs and this book was an excellent review and synthesis for me and fairly accessible to my MBAs. I understand the book has been updated in '99. That is good, since this topic is still in flux.

This is NOT a "how to" go public book. It is a valuable conpendium of how economists think about IPOs.

1 of 2 people found the following review helpful:

2.0 out of 5 stars Good basic textbook on IPO's, April 3, 2000

By 

Jan Klawer (Amsterdam, The Netherlands) - See all my reviews

This review is from: Going Public: The Theory and Evidence on How Firms Raise Equity Finance (Hardcover)

If you're lookin for an extensive overview of all the basic theories of IPOs, this is a good book. It's like an "IPOs for Dummies". Focus is a bit too much on Underpricing, however. I missed good overviews of Long Term Underperformance and Hot Issue Markets. Quite old (1996) so a lot of important work is not covered. New version was released 1999.