The Role of Corporate Governance in the IPO Process: A Note

8 Pages Posted: 7 Aug 2004

See all articles by Bruce Burton

Bruce Burton

University of Dundee - Department of Accountancy & Business Finance

Christine Helliar

University of Dundee

D.M. Power

University of Dundee

Abstract

Corporate governance as a coherent notion and independent topic of academic and practitioner interest has developed rapidly in the last ten years. In particular, most countries have seen the publication of vast numbers of regulatory reports outlining best practice in handling the issues that arise from the increased prominence of the governance concept. Although a vast literature exists on the implications of an Initial Public Offering (IPO) for financial performance and ownership structure, few investigations have communicated directly with issuing firms and analysed the practical difficulties encountered on a day-to-day basis when a company decides to float. In particular, very few studies have sought to examine what corporate governance changes, if any, are made in the process. This note reports the findings of a questionnaire survey and a series of interviews with practitioners about the changes that are made before and after a sample of IPOs in the UK.

Suggested Citation

Burton, Bruce and Helliar, Christine and Power, David M., The Role of Corporate Governance in the IPO Process: A Note. Corporate Governance: An International Review, Vol. 12, No. 3, pp. 353-360, July 2004. Available at SSRN: https://ssrn.com/abstract=557317

Bruce Burton

University of Dundee - Department of Accountancy & Business Finance ( email )

Dundee, Scotland DD1 4HN
United Kingdom

Christine Helliar (Contact Author)

University of Dundee ( email )

Dundee, Scotland DD1 4HN
United Kingdom
44 1382 344198 (Phone)
44 1382 224419 (Fax)

David M. Power

University of Dundee ( email )

Dundee, Scotland DD1 4HN
United Kingdom
(+44) 1382 344 854 (Phone)
(+44) 1382 224 419 (Fax)

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