IPOs and Entrepreneurial Firms (Paperback)

IPOs and Entrepreneurial Firms analyzes the most recent literature on IPOs of entrepreneurial firms - young firms based on intangible rather than physical assets where the founder of the firm often serves as the key inventor and the CEO. After a brief introduction, section 2 reviews the literature on the reasons why companies go public. A trade-off between direct and indirect costs and benefits is considered, as well as entrepreneurial strategic objectives, comprising engaging more easily in acquisitions, signaling the quality of the company, increasing its reputation. Section 3 deals with alternative methodologies to price IPO shares, including cash flow discounting and peer comparison. Section 4 describes the role of intermediaries in the placement of IPO shares. Section 5 focuses on the short-run (underpricing) and long-run performance of IPO companies. Section 6 discusses the cyclical dynamics of the IPO flow on the market. Finally, Section 7 identifies future research directions at the cross-road between finance and entrepreneurship and comparing IPOs with the new digital finance.

General

Imprint:	Now Publishers Inc
Country of origin:	United States
Series:	Foundations and Trends (R) in Entrepreneurship
Release date:	October 2021
First published:	2021
Authors:	Giancarlo Giudici • Silvio Vismara
Dimensions:	134 x 156mm (L x W)
Format:	Paperback
Pages:	100
ISBN-13:	978-1-68083-868-8
Categories:	Books > Business & Economics > Business & management > Ownership & organization of enterprises > Entrepreneurship Promotions
LSN:	1-68083-868-7
Barcode:	9781680838688

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