NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The U.S. Left Behind: The Rise of IPO Activity Around the World

Craig Doidge, G. Andrew Karolyi, René M. Stulz

NBER Working Paper No. 16916
Issued in March 2011

---- Acknowledgements -----

Doidge is at the Rotman School of Management, University of Toronto. Karolyi is at the Johnson Graduate School of Management, Cornell University. Stulz is at the Fisher College of Business, Ohio State University, ECGI, and NBER. Taylor Nadauld and Rose Liao provided excellent research assistance. Doidge thanks the Social Sciences and Humanities Research Council of Canada for financial support. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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