Shaffer, Sherrill; Sokolyk, Tatyana - In: The Journal of Entrepreneurial Finance (JEF) 16 (2013) 2, pp. 33-56
Prior studies have shown that newly public firms exhibit a high degree of uncertainty and asymmetric information, with … about firms that borrow, we examine whether banks provide information about the quality of newly public firms. We find that … bank lending is consistently associated with positive long-term outcomes-newly public firms that borrow experience …
