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The Impact of Initial Public Offerings on the External Growth Strategies of Entrepreneurial Firms

  • Tobias Schmidt

    (University of Regensburg, Germany)

  • Michael J. Dowling

    (University of Regensburg, Germany)

  • Christian Lechner

    (Esc Toulouse, France)

Registered author(s):

    The goal of this paper is to examine the impact of Initial Public Offerings (IPO) on the investment strategies of young entrepreneurial firms. Hypotheses are developed from the finance, strategy and top management team literature. These are then tested using multivariate methods in order to study post-IPO investment behavior of a global sample of young Internet firms.

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    File URL: http://jefsite.org/RePEc/pep/journl/jef-2006-11-2-f-schmidt.pdf
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    Article provided by Pepperdine University, Graziadio School of Business and Management in its journal Journal of Entrepreneurial Finance and Business Ventures.

    Volume (Year): 11 (2006)
    Issue (Month): 2 (Summer)
    Pages: 95-110

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    Handle: RePEc:pep:journl:v:11:y:2006:i:2:p:95-110
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    1. Furubotn, Eirik G & Pejovich, Svetozar, 1972. "Property Rights and Economic Theory: A Survey of Recent Literature," Journal of Economic Literature, American Economic Association, vol. 10(4), pages 1137-62, December.
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    14. Jain, Bharat A & Kini, Omesh, 1994. " The Post-Issue Operating Performance of IPO Firms," Journal of Finance, American Finance Association, vol. 49(5), pages 1699-1726, December.
    15. Armen A. Alchian & Harold Demsetz, 1971. "Production, Information Costs and Economic Organizations," UCLA Economics Working Papers 10A, UCLA Department of Economics.
    16. Jarillo, J. Carlos, 1989. "Entrepreneurship and growth: the strategic use of external resources," Journal of Business Venturing, Elsevier, vol. 4(2), pages 133-147, March.
    17. Jarrad Harford, 1999. "Corporate Cash Reserves and Acquisitions," Journal of Finance, American Finance Association, vol. 54(6), pages 1969-1997, December.
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