Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability
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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 that
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美国国家经济研究局创建时间：
2006-12-01
