A Review on IPO Withdrawal
34 Pages Posted: 7 Oct 2018
Date Written: May 3, 2018
This study reviews and analyses the empirical and theoretical literature on IPO withdrawal. VOS viewer 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.
Keywords: Review, Initial Public Offering, Withdrawal
JEL Classification: G15, G32
Suggested Citation: Suggested Citation