Going-Public and the Influence of Disclosure Environment

T.A. Marra, J.P.M. Suijs

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Abstract

This paper analyzes how differences in disclosure environments affect the firms choice between private and public capital. Disclosure regulations prescribe to what extent the firm has to release confidential information that may lead to the firm incurring proprietary cost. We examine which firms go public in equilibrium, and how the equilibrium outcomes change with changes in the disclosure environments.
Original languageEnglish
Place of PublicationTilburg
PublisherAccounting
Number of pages36
Volume2000-15
Publication statusPublished - 2000

Publication series

NameCentER Discussion Paper
Volume2000-15

Keywords

  • Going-public decision
  • disclosure environments
  • proprietary cost

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