This paper examines the effect of going public on firm-level employment. To establish a causal effect, we employ a … novel dataset of private firms to investigate employment growth in IPO firms relative to a group of firms that file for an … IPO but subsequently withdraw their offering. We find that employment increases significantly after going public, and the …

We find that the weather induced local employment growth surprises are positively related to the cross section of … employment growth can predict future returns. This return predictability is stronger in more weather sensitive industries, when … employment growth surprises are also positively related to future earnings surprises. Our results are consistent with the …