Testing A Model Of Signals In The IPO Offer Process
- ASU Author/Contributor (non-ASU co-authors, if there are any, appear on document)
- David Williams, Professor of Healthcare Management (Creator)
- Institution
- Appalachian State University (ASU )
- Web Site: https://library.appstate.edu/
Abstract: This study examines agency and market signals related to a sample of high-technology firms seeking an initial public offering (IPO). We test a model of the IPO offer process in high-technology firms. Results indicate that certain pre-market and primary marlcet factors affect the offer price received by entrepreneurs and investors, while the secondary marlcet factor did not. Our model may help entrepreneurs position their organization prior to and during the IPO process.
Testing A Model Of Signals In The IPO Offer Process
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Additional Information
- Publication
- Williams, D.R., Duncan, W.J. & Ginter, P.M. Testing a model of signals in the IPO offer process. Small Bus Econ 34, 445-463 (2010). https://doi.org/10.1007/s11187-008-9130-1. Publisher version of record available at: https://link.springer.com/article/10.1007/s11187-008-9130-1
- Language: English
- Date: 2008
- Keywords
- Signals, Initial public offering, High-technology industries