This paper investigates the effects of going public on innovation. Using a data set consisting of innovative firms that … filed for an initial public offering (IPO), I compare the long-run innovation of firms that completed their filing and went …-building period as a source of exogenous variation that affects IPO completion but is unlikely to affect long-run innovation. Using …

This paper investigates the effects of going public on innovation by comparing the innovative activity of firms that … innovation declines following the IPO and firms experience both an exodus of skilled inventors and a decline in productivity of … going public changes firms' strategies in pursuing innovation …