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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
proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors …
Persistent link: https://www.econbiz.de/10011310374
Erfolgreiche Neugründungen sind ein bedeutsamer Faktor für die gedeihliche Entwicklung einer Volkswirtschaft. Junge innovative Unternehmen spielen für die rasche Markteinführung und Verbreitung neuer Technologien und Produkte eine Schlüsselrolle. Da Gründer nur selten über genügend...
Persistent link: https://www.econbiz.de/10011601616
This paper contributes to SME internationalization theory by offering regionspecific propositions on early …Dieser Artikel trägt zur Theorie der Internationalisierung von KMU mittels regional spezifischer Aussagen über die …
Persistent link: https://www.econbiz.de/10011307017
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
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IPOs attempted in 1980-84, 186 IPOs (about one fourth) failed to meet minimum sales requirement and were subsequently withdrawn.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
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 efficient, had more liquid assets, and had greater value over the 1985 …
Persistent link: https://www.econbiz.de/10011310335
public offerings (IPO). If investors are misled by manipulated earnings, they could pay too high a price and suffer losses in … in Poland. We use a set of proxies of earnings management and test the long-term IPO performance under several factor … significant in almost half of methodology settings. The results seem to suggest that investors might not be able to discount pre-IPO …
Persistent link: https://www.econbiz.de/10012611076
). 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 differ from large firms along these dimensions. We find that 5B …
Persistent link: https://www.econbiz.de/10010343292
This article examines the factors that determine IPO success in raising equity capital, and how this success translates … pre-IPO profitability is a strong and positive signal for investors that translates into a higher offer price and … therefore determines the success of the issuance. However, companies with high IPO success do not provide investors with better …
Persistent link: https://www.econbiz.de/10011868515