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CF article Bruner, R., Chaplinsky, S., and Ramchand, L. (2006). Coming to America: IPOs from emerging market issuers. Emerging Markets Review

4 important questions on CF article Bruner, R., Chaplinsky, S., and Ramchand, L. (2006). Coming to America: IPOs from emerging market issuers. Emerging Markets Review

What was the purpose of the article of Bruner, Chaplinsky, Ramchand "Coming to America: IPOs from emerging market issuers

In this article, they compared the issue cost of 299 companies from emerging and developed market countries making initial public offering (IPO's) in the united states between 1991 and 2001.

How did Bruner, Chaplinsky, Ramchand "Coming to America: IPOs from emerging market issuers. Explain the results?

There is a large gap between the country risk ratings of Emerging and developed markets.
IPO issuers from emerging markets bridge that gap by being large issuers in their home countries.

listing more frequently on the NYSE
Greater proportion in activity in manufacture and infrastructure segments.
Issues are mostly done after periods of strong equity performance in the US and home market

In emerging markets, issuers are a select group of higher-quality firms

What is GDP per capita?

GDP per capita=GDP per capita is a measure of a country's economic output that accounts for its number of people. It divides the country's gross domestic product by its total population. That makes it a good measurement of a country's standard of living.