Democracy and the Pricing of Initial Public Offerings Around the World
The proliferation of democracy internationally has spurred a large volume of research on its benefits (and costs) over economic growth in recent decades. Some studies assess the impact of democracy over various aspects of macroeconomic growth; however, the same cannot be argued for the micro level, whereby the effect of democracy over corporate decisions has been largely ignored. To the extent that macroeconomic activity reflects the… Read More »
