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Small Business Economics

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01.05.2010

Testing a model of signals in the IPO offer process

verfasst von: David R. Williams, W. Jack Duncan, Peter M. Ginter

Erschienen in: Small Business Economics | Ausgabe 4/2010

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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 market factors affect the offer price received by entrepreneurs and investors, while the secondary market factor did not. Our model may help entrepreneurs position their organization prior to and during the IPO process.

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Titel: Testing a model of signals in the IPO offer process
verfasst von: David R. Williams
W. Jack Duncan
Peter M. Ginter
Publikationsdatum: 01.05.2010
Verlag: Springer US
Erschienen in: Small Business Economics / Ausgabe 4/2010
Print ISSN: 0921-898X
Elektronische ISSN: 1573-0913
DOI: https://doi.org/10.1007/s11187-008-9130-1

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