Helwege, Jean (contributor); Pirinsky, Christo (contributor) - 2005
consider IPO firms from 1970 to 2001 and examine the evolution of their insider ownership over time
to understand better why … and how U.S. firms that become widely held do so. In our sample, a majority of
firms has insider ownership below 20 … ownership dynamics. Firms that experience
large decreases in insider ownership and/or become widely held are firms with high …