Innovation, appropriability, and the underpricing of initial public offerings

Article Abstract:

The role of innovation in the underpricing of initial public offerings (IPOs) is investigated by using the information asymmetries theory of underpricing. The results have shown that the uncertainty in the process, relationships and intellectual property protection that surround an innovation has contributed to underpricing and hence limits the value a firm gains at the time of its IPO.

Commodity & service prices, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Patent Programs, Evaluation, Prices and rates, Patents, Patent/copyright issue, Regression analysis, Company pricing policy

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The burden of celebrity: The impact of CEO certification contests on CEO pay and performance

Article Abstract:

The results from Financial World's widely publicized certification contest, CEO of the Year are used to investigate the impact of such contest on firm performance and executive compensation. The results indicate that certified CEOs received higher compensation than noncertified CEOs when performance was high but lower compensation when performance was poor.

Government regulation, Employee Evaluation, Chief executive officers, Licensing, certification and accreditation, Employee performance appraisals, Performance appraisals

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Effects of social capital and power on surviving transformational change: the case of initial public offerings

Article Abstract:

The effects of social capital and the power of venture capitalists on initial public offering (IPO) firm survival are examined. The results reveal that average management team tenure and IPO's deal's network embeddedness decreased the likelihood of the firm's failure for first five years.

United States, Infrastructure (Economics)

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