Chou, Ting-Kai; Cheng, Jia-Chi; Chien, Chin-Chen - In: Small Business Economics 40 (2013) 4, pp. 843-863
This study examines the effect of venture capitalist (VC) prestige on the post-issue survivability of IPOs and how VC characteristics influence the effect. We find that IPOs backed by prestigious VCs are less likely to delist for performance failure and have longer listing duration relative to...