Going Public - Going Private: The Case of VC-Backed Firms

Going public - going private : The case of VC - backed

We investigate the decisions of listed firms to go private once again. We start by revealing that while a significant number of firms which go public is VC-backed, an overproportional share of these VC-backed firms go private later on (they stay on the exchange for an average of 8.5 years). We interpret this very robust pattern such that IPOs of VC-backed firms are to a large extent a temporary...

Going (More) Public: Ownership Reform among Chinese Firms

During the past two years, Chinese joint-stock companies have been converting nontradable stock held by the state and state-controlled institutions, which constitute twothirds of all stock in Chinese firms, into stock that can trade on local exchanges. This ownership reform reduces direct state control over industrial enterprises. It also greatly increases the supply of stock, which threatens t...

Going Public: Diversity Disclosures by Large U.K. Law Firms

The pros and cons of "going public.".

Does Going Public Affect Innovation?

2. Generality A patent that is being cited by a broader array of technology classes is viewed as having greater generality. Generality is calculated as the Herfindahl index of citing patents, used to capture the dispersion across technology classes of patents using the patent. To account for cases with a small number of patents within technology classes, I use the bias correction described in J...