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...

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 Public in Support of Science

Scientists are stepping up like never before to support science in the public arena. In big and small ways, scientists are adopting creative ideas to promote science.

Going Public without Governance: Managerial Reputation Effects

This paper addresses the agency problem between controlling shareholders and minority shareholders. This problem is common among public firms in many countries where the legal system does not effectively protect minority shareholders against oppression by controlling shareholders. We show that even without any explicit corporate governance mechanisms protecting minority shareholders, controllin...

The pros and cons of "going public.".