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We integrate the institutional perspective with research on the governance role of private equity firms in an investigation of Founder-CEO successions in Initial Public Offerings (IPOs) in emerging markets. Using a unique, hand-collected and comprehensive sample of 191 firms having undertaken...
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: The practical implication for managers is to spend more IPO capitals on business operations to maximise firm value …
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managers is to spend more IPO capitalson business operations to maximise firm value.Originality/value: Market value is taken …
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