Government Effectiveness as a Factor Explaining Listings in Developing Countries
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- Master of Science 
In this paper, we investigate the e↵ect government e↵ectiveness has on the number of listed firms worldwide from 2000 to 2016. We find that government e↵ectiveness has a positive and significant e↵ect on listings. A one-unit increase in government e↵ectiveness for developing countries leads to a 79 % growth in listed firms. For advanced countries, we also have a positive e↵ect, but it is not significant. One of our main explanations for these results is the increasing IPO volumes in developing countries.
Masteroppgave(MSc) in Master of Science in Finance/(Financial Economics) - Handelshøyskolen BI,2021