Pollock, Timothy G.; Chen, Guoli; Jackson, Eric M.; … - In: Journal of Business Venturing 25 (2010) 1, pp. 6-23
Young, unproven firms can signal their worthiness, or potential, through affiliations with various types of prestigious parties. Drawing from signaling theory, we present a formal consideration of the implications of multiple numbers and types of prestigious affiliates for IPO valuations. We...
