The failure of small British Initial Public Offerings on the UK Alternative Investment Market: A research note on spatial and industry effects
研究了英国小型IPO在另类投资市场（AIM）的失败概率，发现靠近伦敦的金融服务公司失败率更高，伦敦主导地位是AIM高失败率的部分原因。
This research note investigates the failure probability of British Initial Public Offerings (IPOs) on the Alternative Investment Market (AIM) in terms of spatial proximity to London and operating within the financial services sector. The results suggest that financial services firms in proximity to London experience a higher failure rate on AIM. It is suggested that part of the higher failure rate observed on AIM, compared to the failure rate of small IPOs elsewhere, can be explained by the London dominance of AIM, which favours those financial sector businesses that manage to achieve an IPO.