Οργανωσιακά μοντέλα, δομή εταιρικής διακυβέρνησης και initial public offerings
SubjectΧρηματιστήρια αξιών ; Stock exchanges ; Stocks ; Μετοχές ; Διοίκηση και οργάνωση ; Management ; Εταιρική διακυβέρνηση ; Corporate governance
The purpose οf this study is to review the existing literature on Initial Public Offerings (IPOs), while offering an overview of the "going public" process and highlighting certain aspects of this type of equity financing, such as underpricing, and to investigate for interrelations between corporate governance, firm value and performance upon the IPO completion. Firms undertaking an IPO have to adhere to a standardized process, which obliges them to reassess and enhance their management, and to develop corporate governance practices in alignment with the legislation and regulations of the State and the Stock Exchange, respectively. Changes on corporate governance level are of great importance for the post-IPO performance of the firm. Therefore, this study encompasses an empirical approach in an attempt to present findings that reveal significant effects of corporate governance characteristics over firm value and performance. This study employs a sample comprising 66 companies of the transportation sector listed on American stock exchanges.