Links between corporate governance and IPOs

It's hard not to notice the eager rush of businesses to the Thai capital market. Government policies to stimulate the market, including corporate tax reductions for newly listed companies, have led to significant growth since 2002 in listings, market capitalisation and trading volume.

Stimulated by incentives, a number of privately owned businesses with great potential, which include SMEs, long-established family-owned businesses, successful firms with new products and services, are attracted by the idea of "going public", opening themselves to unlimited low-cost financing and other benefits from becoming listed.

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