Academic insights at the private-public interface - Prof. Michelle Lowry (IPO Stories, ep. 37)

Michelle Lowry is a Professor of Finance at Drexel University, and has dedicated her research agenda to IPOs, corporate governance and retail investing.

With Michelle, we discuss some of the factors behind the drop in the number of listings over the last 20 years, in particular the change in the type of companies that are going public, the optimal corporate governance structures for newly public companies, in particular how it differs from that of mature public companies, and how the occurrence of IPOs are an important stimulation for retail participation in the stock market.