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

Author

Listed:
  • 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.

Suggested Citation

  • Tobias Schmidt & Michael J. Dowling & Christian Lechner, 2006. "The Impact of Initial Public Offerings on the External Growth Strategies of Entrepreneurial Firms," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, vol. 11(2), pages 95-110, Summer.
    • Handle: RePEc:pep:journl:v:11:y:2006:i:2:p:95-110
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    More about this item

    Keywords

    Initial Public Offering; IPO; Growth Strategy; Small Firm; Entrepreneurial Firm;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • M13 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - New Firms; Startups

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