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Entrepreneurial Learning, the IPO Decision, and the Post-Ipo Drop in Firm Profitability

Pástor, Ľuboš - 2010

We develop a model of the optimal initial public offering (IPO) decision in the presence of learning about the average profitability of a private firm. The entrepreneur trades off diversification benefits of going public against benefits of private control. Going public is optimal when the...

Persistent link: https://www.econbiz.de/10013151754

Entrepreneurial learning, the IPO decision, and the post-IPO drop in firm profitability

Pástor, Ľuboš; Taylor, Lucian A.; Veronesi, Pietro - 2007

Persistent link: https://www.econbiz.de/10003413489

Entrepreneurial learning, the IPO decision, and the post-IPO drop in firm profitability

Pástor, Ľuboš; Taylor, Lucian A.; Veronesi, Pietro - In: The review of financial studies 22 (2009) 8, pp. 3005-3046

Persistent link: https://www.econbiz.de/10003868543

Entrepreneurial learning, the IPO decision, and the post-IPO drop in firm profitability

Pástor, Ľuboš; Taylor, Lucian A.; Veronesi, Pietro - 2006

Persistent link: https://www.econbiz.de/10003407540

Entrepreneurial learning, the IPO decision and the post-IPO drop in form profitability

Pástor, Ľuboš (contributor); Taylor, Lucian (contributor) - 2006

Persistent link: https://www.econbiz.de/10003409398

Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability

Pastor, Lubos - 2006

We develop a model in which an entrepreneur learns about the average profitability of a private firm before deciding whether to take the firm public. In this decision, the entrepreneur trades off diversification benefits of going public against benefits of private control. The model predicts...

Persistent link: https://www.econbiz.de/10012465867