Growth and innovation are primary arguments for firms that aim to go public access resources from the stock market. So it is ironic going is, a majority of firms, associated with pronounced slump in breakthrough innovation. This article proposes an actionable, marketing-related explanation why some manage beat post–initial offering (IPO) slump: imprinting. The authors argue demonstrate engage i...

Our study analyzes the determinants of investors’ risk taking behavior. We find that investors’ risk taking behavior such as portfolio choices can be predicted using risk attitudes, risk perceptions and belief measures such as optimism and overconfidence. However, the predictive power of these determinants heavily depends on the domain in which they were elicited. More specifically, risk attitu...

Many political economists believe that competition among countries—or regions within them—to attract mobile capital should discipline their governments, rendering them less corrupt and more friendly toward business. This argument surfaces repeatedly in debates over both political decentralization and globalization. We argue that it is based on an assumption— countries or regions start out ident...

Abstract In this paper we characterize the performance of venture capital-backed firms based on their ability to attract investment. The aim study is identify relevant predictors success built from network structure firms’ and investors’ relations. Focusing deal-level data for health sector, first create a bipartite among investors, then apply functional analysis derive progressively more refin...

The old adage about putting all of one’s eggs in one basket was thought wise long before the advent of modern portfolio theory and the important results of Markowitz (1959) and others. However, despite the anecdotal imperative to investors to diversify their portfolios, the empirical reality is that diversification rarely takes place as recommended by portfolio theory. In this paper, I demonstr...

Using brokerage account data, we analyze the tax awareness of individual investors. We find strong evidence that taxes matter: investors prefer to locate bonds and mutual funds in retirement accounts and, in December, harvest stock losses in their taxable accounts. However, investors also trade actively in their taxable accounts, realize gains more frequently than losses, and locate a material ...