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Why Wait? A Century of Life Before IPO

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NBER2001-01-01 更新2025-01-04 收录
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Firms that entered the stock market in the 1990s were younger than any earlier cohort since World War I. Surprisingly, however, firms that IPO'd at the close of the 19th century were just as young as the companies that are entering today. We argue here that the electrification-era and the IT-era

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2001-01-01
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