Signaling, resource-based power, and pre-IPO organizational change

Signaling, resource-based power, and pre-IPO organizational change

The theory presented suggests that underwriters are both advisors and independent agents in the issuerʼs attempt to send “signals” of quality to investors by making pre-IPO organizational changes. These pre-IPO gambits are intended to increase IPO proceeds, and preemptively address potential investo...

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Bibliographic Details
Main Authors: John S. Pearlstein, Robert D. Hamilton
Format: Article
Language:English
Published: Emerald Publishing 2012-03-01
Series:New England Journal of Entrepreneurship
Subjects:
initial public offerings
resource-based power
signaling
organizational theory
underpricing
Online Access:https://www.emerald.com/insight/content/doi/10.1108/NEJE-15-01-2012-B003/full/pdf?title=signaling-resource-based-power-and-pre-ipo-organizational-change

Internet

https://www.emerald.com/insight/content/doi/10.1108/NEJE-15-01-2012-B003/full/pdf?title=signaling-resource-based-power-and-pre-ipo-organizational-change

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