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.
Initial Public Offering, IPO, Growth Strategy, Small Firm, Entrepreneurial Firm
Schmidt, Tobias; Dowling, Michael J.; and Lechner, Christian
"The Impact of Initial Public Offerings on the External Growth Strategies of Entrepreneurial Firms,"
Journal of Entrepreneurial Finance and Business Ventures:
2, pp. 95-110.
Available at: http://digitalcommons.pepperdine.edu/jef/vol11/iss2/6