IPOs and Innovation
Posted by R. Christopher Small, Co-editor, Harvard Law School Forum on Corporate Governance and Financial Regulation, on Wednesday August 15, 2012 at 10:33 am
We thank R. Christopher Small, HLS Forum on Corporate Governance and Financial Regulation, for allowing us to repost this article.
The following post comes to us from Shai Bernstein
of the Department of Finance at Stanford University.
Corporate managers, bankers, and policy makers alike have expressed concerns that the recent dearth of initial public offerings (IPOs) has caused a breakdown in the engine of innovation and growth. In the paper, Does Going Public Affect Innovation?, which was recently made publicly available on SSRN, I explore whether the transition to public equity markets indeed affects innovation, and if so, how.
To read more: http://blogs.law.harvard.edu/corpgov/2012/08/15/ipos-and-innovation/