美国资本市场正在失去竞争优势吗?

Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series Pub Date : 2007-11-01 DOI:10.2139/SSRN.1028701

Luigi Zingales

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引用次数: 112

摘要

在本文中，我通过研究美国股票市场能够吸引的全球ipo份额的最近趋势来分析美国股票市场的竞争力。我发现，从2000年到2005年，美国股市的份额急剧下降。这种下降不能用ipo的地域或行业构成的变化来解释。最有可能的原因是竞争对手(主要是欧洲股票市场)的改善，以及上市公司合规成本的增加。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Is the U.S. Capital Market Losing its Competitive Edge?

In this paper I analyze the competitiveness of the U.S. equity markets by studying the recent trend in the share of global IPOs they are able to attract. I find that the U.S. equity market share has dropped dramatically from 2000 to 2005. This drop cannot be explained by changes in the geographical or the sectoral composition of IPOs. The most likely cause is a combination of an improvement in the competitors (mostly European equity markets) and an increase in the compliance costs for publicly traded companies.

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Chicago Booth: Michael P. Polsky Center for Entrepreneurship Research Paper Series

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