TY - JOUR
T1 - A review on IPO withdrawal
AU - Helbing, Pia
N1 - Funding Information:
The author wishes to thank Brian M. Lucey and Samuel A. Vigne for their very valuable comments. The author acknowledges the funding from the Friedrich Naumann Foundation for Freedom .
Publisher Copyright:
© 2018 Elsevier Inc.
Copyright:
Copyright 2019 Elsevier B.V., All rights reserved.
PY - 2019/3
Y1 - 2019/3
N2 - This study reviews and analyses the empirical and theoretical literature on IPO withdrawal. VOSviewer techniques are used to identify relationships of citations, authorship, themes and patterns of the research conducted in this area. My perspective on the current state of IPO withdrawal research is threefold. First, I believe that the phenomenon of IPO withdrawal is not specific to a country, jurisdiction or vintage. Second, considering its economic significance, there is a surprising scarcity of research on IPO withdrawal. Third, existing research predominantly focuses on market level determinants which do not fully explain IPO withdrawal. I argue that promising research will come from non-rational and agency conflict based explanations.
AB - This study reviews and analyses the empirical and theoretical literature on IPO withdrawal. VOSviewer techniques are used to identify relationships of citations, authorship, themes and patterns of the research conducted in this area. My perspective on the current state of IPO withdrawal research is threefold. First, I believe that the phenomenon of IPO withdrawal is not specific to a country, jurisdiction or vintage. Second, considering its economic significance, there is a surprising scarcity of research on IPO withdrawal. Third, existing research predominantly focuses on market level determinants which do not fully explain IPO withdrawal. I argue that promising research will come from non-rational and agency conflict based explanations.
KW - initial public offering
KW - review
KW - withdrawal
UR - http://www.scopus.com/inward/record.url?scp=85053731673&partnerID=8YFLogxK
U2 - 10.1016/j.irfa.2018.09.001
DO - 10.1016/j.irfa.2018.09.001
M3 - Review article
AN - SCOPUS:85053731673
VL - 62
SP - 200
EP - 208
JO - International Review of Financial Analysis
JF - International Review of Financial Analysis
SN - 1057-5219
ER -