The failure of small British Initial Public Offerings on the Alternative Investment Market: A research note on spatia Amini, Shima.

By: Amini, Shima
Material type: ArticleArticlePublisher: 2013Description: 722-733Subject(s): Small Firms | Initial Public Offerings | Failure | Entrepreneurship | Alternative Investment Market In: International Small Business JournalSummary: This research note investigates the failure probability of British Initial Public Offerings (IPOs) on the Alternative Investment Market (AIM) in terms of spatial proximity to London and operating within the financial services sector. The results suggest that financial services firms in proximity to London experience a higher failure rate on AIM. It is suggested that part of the higher failure rate observed on AIM, compared to the failure rate of small IPOs elsewhere, can be explained by the London dominance of AIM, which favours those financial sector businesses that manage to achieve an IPO.
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Articles Articles Ahmedabad (HO)
(Browse shelf) Vol. 31, Issue. 6 Available 018466

This research note investigates the failure probability of British Initial Public Offerings (IPOs) on the Alternative Investment Market (AIM) in terms of spatial proximity to London and operating within the financial services sector. The results suggest that financial services firms in proximity to London experience a higher failure rate on AIM. It is suggested that part of the higher failure rate observed on AIM, compared to the failure rate of small IPOs elsewhere, can be explained by the London dominance of AIM, which favours those financial sector businesses that manage to achieve an IPO.

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