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 …

firms, we analyze the effect of top management quality on pre-IPO innovativeness and the innovation strategies of these … firms. We also analyze how management quality and pre-IPO innovation relate to these firms' IPO characteristics. We …, select better innovation projects, and manage innovation resources more efficiently, resulting in higher innovation …