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Going Public When You Can in Biotechnology

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NBER2002-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8954
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Scientist-entrepreneurs prominent in biotech and other high-technology industries view going public not as a cost-effective source of capital but as a cross between selling a now-proven innovation and winning a lottery. Unlike most empirical IPO analyses confined to those firms that go public, we
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2002-05-01
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