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Tekijä: | Stoughton, N.M. Pong Wong, K. Zechner, J. |
Otsikko: | IPOs and product quality |
Lehti: | Journal of Business
2001 : JUL, VOL. 74:3, p. 375-408 |
Asiasana: | INITIAL PUBLIC OFFERINGS INTERNET PRODUCT QUALITY SHARE PRICES |
Kieli: | eng |
Tiivistelmä: | Given recent public attention paid to high-flying Internet IPOs such as Yahoo and Amazon.com, the authors explore a product market motive for going public. They develop a model where consumers discern product quality from the stock price. The model predicts that only better-quality firms will go public. |
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