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We investigate the role of labor unions in the performance of venture capital (VC)-backed firms. Using a large sample of initial public offering firms from 1983 to 2013, we find that VC-backed firms in highly unionized industries have lower Tobin's Q and are less likely to survive. This effect...
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Purpose – The purpose of this paper is to assess whether the decision to issue warrants in an initial public offering (IPO) is subject to catering influences. Design/methodology/approach – The approach used was to measure the market “warrant premium” and assess whether it relates to the...
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Purpose – The purpose of this paper is to assess whether the decision to issue warrants in an initial public offering (IPO) is subject to catering influences. Design/methodology/approach – The approach used was to measure the market “warrant premium” and assess whether it relates to the...
Persistent link: https://www.econbiz.de/10010604490