Do Public Firms Respond to Investment Opportunities More than Private Firms? The Impact of Initial Firm Quality
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Using U.S. Census data, we track firms at birth and compare the growth pattern of IPO firms and their matched always-private counterparts over their life cycle. Firms that are larger at birth with faster initial growth are more likely to attain a larger size and to subsequently go public. We
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美国国家经济研究局创建时间：
2017-12-01
