Institutions and IPO activity: a multi-country study

Purpose The purpose of this paper is to analyze the differential effects that institutions have on country IPO activity. Design/methodology/approach With a sample of 64 countries over a 15-year period (2000-2014), the authors test the variables rule of law, uncertainty avoidance and masculinity on subsamples of developed (27) and emerging (37) countries to explore their influence on domestic IPO activity level. Findings For developed countries,...