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Journal of Management and Governance

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04.12.2017

Looking at the IPO from the “top floor”: a literature review

verfasst von: Alessandro Cirillo, Donata Mussolino, Sara Saggese, Fabrizia Sarto

Erschienen in: Journal of Management and Governance | Ausgabe 3/2018

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Abstract

This article aims to assess the current situation and the evolution of the literature on the role of top level decision-makers in initial public offerings. The article combines bibliometric and qualitative reviews of 147 articles published in 57 journals until 2015. Findings show that the debate on the role of top-level decision-makers in initial public offerings has followed an irregular pathway. Research attention has moved from studies on the actors and the dynamics of going public to a focus on the strategic implications of initial public offerings. The paper is a good starting point for future policy-making interventions designed to support top-level decision-making. By enhancing awareness of the strategic role of initial public offerings, we hope to improve the governance practices associated with them. The paper also sheds light on the importance of fostering the corporate transparency of top-level decision-making in firms going public, as an additional tool to increase investors’ trust and attract financial resources. Finally, the paper provides a comprehensive overview of the academic field, examining research trends and the evolutionary pattern. It also suggests future research avenues by identifying un(der)explored issues to advance knowledge on the topic.

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In line with previous literature, “intellectual structure” of the field means the structure of the research field described by the main research subfields and the related topics/themes, the relationships among them and the authors who played a pivotal role in developing the research field (Nerur et al. 2008; Ramos-Rodríguez and Ruíz-Navarro 2004).

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Titel: Looking at the IPO from the “top floor”: a literature review
verfasst von: Alessandro Cirillo
Donata Mussolino
Sara Saggese
Fabrizia Sarto
Publikationsdatum: 04.12.2017
Verlag: Springer US
Erschienen in: Journal of Management and Governance / Ausgabe 3/2018
Print ISSN: 1385-3457
Elektronische ISSN: 1572-963X
DOI: https://doi.org/10.1007/s10997-017-9397-1

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