YAMADA Kazuo
Department / Course College of Business Administration Department of Business Administration
Title / Position Associate Professor
言語種別 英語
研究概要 Corporate Finance

[1] The decline of performance after the IPOs are well-known phenomenon around the world. I examine the reasons of the underperformance of IPO firms.
I shed light on the listing standard. Findings show that lower listing requirement leads low firm growth, which is opposite to convention wisdom that enhancing going public by reducing listing standard can stimulate firm growth.