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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...
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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...
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