Faculty Scholarship 1994 - Present
A Comparison of the Financial Characteristics of Firms Before and After Stock Exchange Listing
There are many empirical studies that have investigated the motivation of firms in seeking stock exchange listing and the effects of stock exchange listing on firms. However, how the financial characteristics of firms change after stock exchange listing is a subject that has not been studied in the previous literature. Such a study would be useful because it could provide additional information about what firms may be seeking to achieve with stock exchange listing. The objective of this study is to fill this void in the literature by comparing the financial characteristics of firm prior to listing and five years after listing.