Initial public offerings (IPOs) often engage in mergers and acquisitions (M&As) subsequent to going public which can reflect either exit or growth strategies. We analyze 2,679 entrepreneurial firms in Europe that went public between 1996 and 2010 and find a superior long-run performance of...

For entrepreneurial firms it is essential to develop new ideas and products, build a brand name and reputation, and expand manufacturing capacity to protect competitiveness and ensure long-run success and survival. For a sample of 2,679 European Initial Public Offerings (IPOs) we analyze how...

The objective of this study is to analyze the relationship between innovation and performance for German firms that went public at the “Neuer Markt” during the period from 1997 to 2002. In the empirical analysis we investigate in particular whether initial public offerings (IPOs) with more...