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Facts, Figures and Theory

  • Ottorino Morresi
Chapter

Abstract

This chapter provides some data on the geographical and historical importance of the phenomenon and compares it with the Initial Public Offering (IPO) market in order to show how it has increased and fluctuated over time and across different stock exchanges in response to market-wide factors. It then explains the most common techniques used to delist a firm and the US regulation that disciplines the procedure for implementing them. It also provides the reader with a wide and systematic description of the theoretical approaches that are proposed in order to explain the choice, such as information-based theories, access to capital, stock liquidity, corporate governance, listing requirements, short-termism, the use of derivatives, takeover defense, and agency problems.

Keywords

Asymmetric information Investor recognition Access to capital Stock liquidity Corporate governance Listing requirements Short-termism Takeover defense 

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© The Author(s) 2018

Authors and Affiliations

  • Ottorino Morresi
    • 1
  1. 1.Department of EconomicsRoma Tre UniversityRomeItaly

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