This study investigates whether patents can be a useful signaling tool for the IPO performances among high- and low-tech firms. Literature has provided a wealth of evidence confirming a significant relationship between patent signal and capital-raising success for US and EU venture...

Purpose - Written communication differences across cultures can set the tone for effective or disastrous business relationships. Although English has been the go-to language in business, managers from different countries can significantly differ in how they convey the firms' information. This...

Does physical proximity to monitoring capital affect the firm's IPO decision? Using a geographic framework, we measure the amount of monitoring capital of equity investors and banks in each U.S. region. When regional equity capital is abundant, collateral-poor resident firms are more likely to...