This study investigates why newly listed firms become M&A targets shortly after their initial public offering (IPOs) from the perspective of product innovation. We find strong empirical evidence that IPOs with less established trademarks increase the likelihood of becoming IPO targets. We also...

Using 47 weather-related natural disasters as exogenous shocks to investor sentiment, we investigate the influence of investor sentiment on the pricing of initial public offerings. Our empirical evidence suggests that start-ups experiencing natural disasters within a relatively short period...