Title Page
Acknowledgements
Contents
Abstract 8
1. Introduction 10
2. Review of Literature 15
3. Hypothesis Development 20
3.1. United States IPO’s 20
3.2. Foreign Companies 20
3.3. The rise of the LSE 21
4. Sample 22
5. Empirical Results 23
4.1. Descriptive Statistics 25
4.2. Univariate Analysis 27
6. Conclusion 32
7. Appendix - The Distribution of Foreign Listing Events (from June 1st, 1995 to June 30th, 2006)(이미지참조) 35
10. Bibliography 55
Table 1 - Event Dates for major events related to the adoption of the Sarbanes-Oxley Act. (All dates are in 2002) 39
Table 2 - Sections of the Sarbanes-Oxley Act of 2002 42
Table 3 - The Cost of Being Public for Companies with Annual Revenues under $1 Billion 43
Table 4 - The Cost of Being Public for Companies with Annual Revenues over $1 Billion 44
Table 5 - Comparative U.S- U.K. IPO's 45
Table 6A - Going-Private Deals around the World 46
Table 6B - Buyout Deals around the World 46
Table 7 - Descriptive Statistics of Sample 47
Table 8 - Industry classifications (percentage of total sample) 48
Table 9 - The distribution of foreign listing activity prior and after the adoption of SOX 49
Table 10 - U.S. IPO Statistics: 01/01/1990-12/31/2006 50
Table 11 - Industry distribution of U.S. IPOs(1990-2006) 51
Table 12 - The largest IPOs in 2007 52
Table 13 - Top 10 IPOs(January - March 2008) 53
Table 14 - U.S. portion of the Top 20 Global IPOs 54
Exhibit 1. U.S. Security Markets Characteristics 37
Exhibit 2. U.S. Competitiveness in Public Equity Capital Markets 38