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The effects of experience, ownership, and knowledge on IPO survival : empirical evidence from Germany

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dc.creator Audretsch, David B.
dc.creator Lehmann, Erik E.
dc.date 2004
dc.date.accessioned 2013-10-16T07:07:46Z
dc.date.available 2013-10-16T07:07:46Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19965
dc.identifier ppn:390721980
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19965
dc.description We study the implications of ownership and its induced incentives on firm survival on the stock market for young and high-tech firms. Using a unique data set of all 341 firms listed on the Neuer Markt, the German counterpart of the NASDAQ, our results differ from studies on more traditional firms. Ownership by CEOs has no influence on firm survival when introducing measurements of human capital and intellectual property rights. This confirms assumptions that firms in the knowledge based industries differ also in their governance structure from traditional firms.
dc.language eng
dc.publisher
dc.relation Papers on entrepreneurship, growth and public policy 2004
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject C14
dc.subject M13
dc.subject L11
dc.subject G32
dc.subject ddc:330
dc.subject Firm Survival
dc.subject Corporate Governance
dc.subject New Economy
dc.subject Entrepreneurship
dc.subject Unternehmensgründung
dc.subject Unternehmensentwicklung
dc.subject Neuer Markt
dc.subject Eigentümerstruktur
dc.subject Corporate Governance
dc.subject Humankapital
dc.subject Wissen
dc.subject Wertpapieremission
dc.subject Schätzung
dc.subject Deutschland
dc.title The effects of experience, ownership, and knowledge on IPO survival : empirical evidence from Germany
dc.type doc-type:workingPaper


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