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The Decision to Delist from the Stock Market

Theory and Empirical Evidence of Going Private

Authors: Fidanza, Barbara, Morresi, Ottorino, Pezzi, Alberto

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  • Addresses the increase of firms that choose to leave the stock market
  • Discusses factors which may lead a firm to opt out of public markets
  • Outlines why having shares publicly traded on a stock market is becoming less attractive
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eBook $79.99
price for USA (gross)
  • ISBN 978-3-319-95049-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.99
price for USA
  • ISBN 978-3-319-95048-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

In an organized and organic way, this book covers all the possible theoretical and empirical facets of delisting, adding to the well-developed literature on IPOs. IPO and delisting are strictly related; the reasons for delisting may be found in the loss of the incentives that drove the firm to the public market in the past. However, the book presents unique motivations not directly related to the IPO decision. This book covers what the existing literature has not in focusing on specific aspects such as market liquidity and microstructure, listing costs, market for corporate control, corporate governance issues and so on. Of interest to academics and students, this contribution puts all pieces in order and finds a thread that can link each theory to the others.

About the authors

Barbara Fidanza is an Associate Professor of Corporate Finance at the University of Macerata, Italy. She holds a PhD in Corporate Finance from the University of Trieste, Italy. She has teaching experience in the theory and principles of management, corporate finance, and financial analysis. Her research interests include capital structure, asset pricing, corporate valuation and stakeholder theory.

Ottorino Morresi is a Professor of Finance at the University of Rome “Roma Tre”, Italy. He holds a PhD in Corporate Finance from the University of Trieste, Italy and was a post-doctoral student at the Cass Business School, UK. His research interests include capital structure, M&As, family business and corporate governance. He teaches Corporate Finance and Financial Analysis. He authored the 2014 Palgrave Macmillan book Cross-Border Mergers and Acquisitions: Theory and Empirical Evidence, jointly with Alberto Pezzi.

Alberto Pezzi is an Associate Professor of Strategic Management and Director of the Master in Banking and Insurance Management at the University of Rome “Roma Tre”, Italy. He holds a PhD in Banking and Finance from the University of Rome “Tor Vergata”, Italy. Current research interests are internationalization and strategic investment decisions. He authored the 2014 Palgrave Macmillan book Cross-Border Mergers and Acquisitions: Theory and Empirical Evidence jointly with Ottorino Morresi.

Table of contents (4 chapters)

Table of contents (4 chapters)

Buy this book

eBook $79.99
price for USA (gross)
  • ISBN 978-3-319-95049-5
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $99.99
price for USA
  • ISBN 978-3-319-95048-8
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.

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Bibliographic Information

Bibliographic Information
Book Title
The Decision to Delist from the Stock Market
Book Subtitle
Theory and Empirical Evidence of Going Private
Authors
Copyright
2018
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s)
eBook ISBN
978-3-319-95049-5
DOI
10.1007/978-3-319-95049-5
Hardcover ISBN
978-3-319-95048-8
Edition Number
1
Number of Pages
XI, 177
Number of Illustrations
9 b/w illustrations
Topics