We survey the literature on venture capital and institutions and present a case study
comparing the development of the venture capital market in the United States and Sweden …

The transition from private to public ownership through the process of going public (ie initial
public offering, or IPO) has attracted scholarly attention because of the governance, strategic …

The state of development of the financial sector does not change monotonically over time. In
particular, by most measures, countries were more financially developed in 1913 than in …

History is replete with examples of spectacular ascents of family businesses. Yet there are
also numerous accounts of family businesses brought down by bitter feuds among family …

This chapter analyzes the securities issuance process, focusing on initial public offerings
(IPOs) and seasoned equity offerings (SEOs). The IPO literature documents three empirical …

This brief survey discusses recent developments in the European initial public offering (IPO)
market. The spectacular rise and fall of the Euro NM markets and the growth of bookbuilding …

While the US still accounts for about two‐thirds of the world's total private equity fund‐raising
and investment, other countries have been adopting American practices and are …

Peter Högfeldt is associate professor of finance at the Stockholm School of Economics and a
research associate of the European Corporate Governance Institute (ECGI). Special thanks …

We study the effects of the controlling shareholders' portfolio diversification on the initial
public offering (IPO) process. Less diversified shareholders have more to gain from taking …

Why do some companies stay out of stock markets? How crucial are stock markets for
competition between financial centres? How can local information help investors outperform …