Companies are increasingly considering foreign capital markets for their initial public offerings. Economists Cecilia R. Caglio, Kathleen Weiss Hanley and Jennifer Marietta-Westberg look into the factors that influence a firm’s decision to go public abroad in their astute study. It highlights the role of global underwriters, which shape both the way firms access global capital and the channels of cross-border flows. getAbstract suggests their scholarly report to entrepreneurs, financial executives and investors.
About the Authors
Cecilia R. Caglio is with the Federal Reserve Board of Governors, Kathleen Weiss Hanley is a professor at Lehigh University, and Jennifer Marietta-Westberg is with the US Securities and Exchange Commission.