Using data on anti-takeover provisions (ATPs) and top management characteristics hand-collected from IPO prospectuses, we analyze the effect of the pre-IPO innovativeness and the top management quality of private firms on the number and strength of ATPs in IPO firm charters. We test the...

Using hand-collected data on top management team human capital (“management quality”) of a large sample of private 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...