Resource title

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

Resource image

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

Resource 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.

Resource author

David B. Audretsch, Erik E. Lehmann

Resource publisher

Resource publish date

Resource language

eng

Resource content type

text/html

Resource resource URL

http://hdl.handle.net/10419/19965

Resource license

Adapt according to the presented license agreement and reference the original author.