Narrow search
Showing 1 - 10 of 316
Cover Image
Annualized Returns of Venture-Backed Public Companies Categorized by Stage of Financing: An Empirical Investigation of IPOS in the Last Three Decades
Shachmurove, Yochanan - In: Journal of Entrepreneurial Finance 6 (2001) 1, pp. 44-58
Although the national media has given increased attention to the venture capital process, misconceptions continue to proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors demand very high rates of return to compensate for...
Persistent link: https://www.econbiz.de/10011310374
Cover Image
How the Entrepreneurial Top Management Team Setup Influences Firm Performance and the Ability to Raise Capital: A Literature Review
Maschke, Konstantin; zu Knyphausen-Aufseß, Dodo - In: BuR - Business Research 5 (2012) 1, pp. 83-123
This paper reviews research findings on entrepreneurial top management teams within the last 20 years. It concentrates on team-based management factors and their influence on a new venture's growth and ability to raise capital. This paper integrates recent findings and provides an overview of...
Persistent link: https://www.econbiz.de/10010421371
Cover Image
Owner-manager replacement: a venture capitalist decision model
Cressy, Robert - In: Journal of Global Entrepreneurship Research 2 (2014) 1, pp. 1-10
We develop a theory of managerial replacement in which a venture capitalist monitors an investee firm run by a manager of unknown quality (Good or Bad). An informative signal St correlated with performance (value-added) is available to the VC at a cost in each period t. The problem is when to...
Persistent link: https://www.econbiz.de/10011656421
Cover Image
The R&D-patent relationship: An industry perspective
Danguy, Jérôme; de Rassenfosse, Gaétan; van … - In: EIB Papers 14 (2009) 1, pp. 170-195
This paper re-visits the empirical failure to establish a clear link between R&D efforts and patent counts at the … industry level. It is claimed that the 'propensity-to-patent' concept should be split into an 'appropriability propensity' and … countries over 19 years. The results confirm that the R&D-patent relationship is affected by research productivity …
Persistent link: https://www.econbiz.de/10010273388
Cover Image
Der Börsengang und die interne Organisation des Unternehmens
Bias, Daniel; Lochner, Benjamin; Obernberger, Stefan; … - In: Wirtschaft im Wandel 30 (2024) 1, pp. 7-9
In diesem Beitrag wird untersucht, wie Unternehmen ihre Organisation anpassen, wenn sie erstmalig an die Börse gehen (initial public offering, IPO). Im Zuge des Börsengangs wandeln sich Unternehmen in eine hierarchischere Organisation um und verstärken die Aufsicht durch das Management....
Persistent link: https://www.econbiz.de/10014512019
Cover Image
The Impact of the Sarbanes-Oxley Act on the Cost of Going Public
Kaserer, Christoph; Mettler, Alfred; Obernberger, Stefan - In: BuR - Business Research 4 (2011) 2, pp. 125-147
This paper examines the impact of the Sarbanes-Oxley Act (SOX), a legal framework intended to increase transparency and accountability of listed companies, on the cost of going public in the US. We expect SOX to increase the direct cost of going public, but decrease the underpricing because of...
Persistent link: https://www.econbiz.de/10010421362
Cover Image
Who Failed to Go Public with Best Efforts Offerings
Cho, Sung-Il - In: Journal of Small Business Finance 3 (1993) 1, pp. 63-77
This paper presents evidence on the failed initial public offerings that used best efforts contracts. Out of 732 best efforts IPOs attempted in 1980-84, 186 IPOs (about one fourth) failed to meet minimum sales requirement and were subsequently withdrawn. Offerings with greater uncertainty about...
Persistent link: https://www.econbiz.de/10011310328
Cover Image
Corporate Efficiency, Profitability, and Value Changes after the IPO
McConaughy, Daniel L.; Dhatt, Manjeet S.; Kim, Yong H. - In: Journal of Small Business Finance 3 (1994) 2, pp. 167-170
This study compares the profitability, operational efficiency, and firm value over the 1985-1990 period of 100 firms that had IPOs in 1985 compared to a matched sample of similar firms which had their IPO before 1980. We find that the 1985 IPO firms were more profitable, operationally more...
Persistent link: https://www.econbiz.de/10011310335
Cover Image
SB IPOs and IPO Anomalies: An Empirical Analysis of the Small Firm Uniqueness Hypothesis
Brau, James C.; Carpenter, C. Troy - In: The Journal of Entrepreneurial Finance (JEF) 16 (2013) 2, pp. 75-96
The purpose of this paper is to provide a direct test of the small-firm uniqueness hypothesis advanced by Ang (1991). We do this by using the 5B-IPO program of the SEC as our instrument to define a small firm. Having identified small firms, we test the three IPO anomalies to see if small firms...
Persistent link: https://www.econbiz.de/10010343292
Cover Image
Impact of insiders and outsiders of entrepreneurial firms on valuation in initial public offering
Xu, Zhijian; Xie, Zhiyou - In: Journal of Chinese Management 1 (2014) 1, pp. 1-12
The studies of initial public offering pricing had been a popular interest of academic research recently, but there is still little study for entrepreneurial firms now. Under the asymmetric information hypothesis and signaling theory, we try to find some factors affecting the initial public...
Persistent link: https://www.econbiz.de/10011658433