A considerable amount of research has investigated the linkage between top management team (TMT) characteristics and firm financial performance. Much of this research relies on demographic data. While these data are reliable and accessible, findings across studies are not consistent....

The factors that investment bankers take into account when pricing IPO firms are examined.Following a review of the literature on investment bankers and the initial public offering process, it is hypothesized that larger, older firms with sizable, prestigious boards, pre-IPO profitability, and...