Abstract
Initial public offerings play a crucial role in allocating resources in market economies. By accessing external sources of funds through an IPO, the new firm is able to acquire that capital necessary for firm growth and product innovation. Equity financing may be particularly attractive for “high risk” entrepreneurial ventures, and such enterprises represent an important motive force of economic development.
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© 1995 Springer Science+Business Media New York
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Anderson, S.C., Beard, T.R., Born, J.A. (1995). Conclusion. In: Initial Public Offerings: Findings and Theories. Innovations in Financial Markets and Institutions, vol 8. Springer, Boston, MA. https://doi.org/10.1007/978-1-4615-2295-9_6
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DOI: https://doi.org/10.1007/978-1-4615-2295-9_6
Publisher Name: Springer, Boston, MA
Print ISBN: 978-1-4613-5969-2
Online ISBN: 978-1-4615-2295-9
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