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

Authors

Tobias Schmidt, University of Regensburg, Germany
Michael J. Dowling, University of Regensburg, Germany
Christian Lechner, Esc Toulouse, France

Abstract

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.

JEL Codes

G24, M13

Keywords

Initial Public Offering, IPO, Growth Strategy, Small Firm, Entrepreneurial Firm

Recommended Citation

Schmidt, Tobias; Dowling, Michael J.; and Lechner, Christian (2006) "The Impact of Initial Public Offerings on the External Growth Strategies of Entrepreneurial Firms," Journal of Entrepreneurial Finance and Business Ventures: Vol. 11: Iss. 2, pp. 95-110.
DOI: https://doi.org/10.57229/2373-1761.1048
Available at: https://digitalcommons.pepperdine.edu/jef/vol11/iss2/6