McConaughy, Daniel L.; Dhatt, Manjeet S.; Kim, Yong H. - In: Journal of Small Business Finance 3 (1994) 2, pp. 167-170
This study compares the profitability, operational efficiency, and firm value over the 1985-1990 period of 100 firms that had IPOs in 1985 compared to a matched sample of similar firms which had their IPO before 1980. We find that the 1985 IPO firms were more profitable, operationally more...
