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Persistence of Innovation Around Initial Public Offerings : Evidence from NonVC-Backed IPOs

Aldatmaz, Serdar - 2018

We study the innovation activity of firms going public and find that post-IPO innovation activity is highly associated with pre-IPO innovation activity at both venture-capital- and non-venture-capital-backed firms. This persistence in innovation suggests that firms' pre-IPO innovation experience...

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Are busy boards effective monitors?

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