000 01291naa a2200229uu 4500
001 6041814092121
003 OSt
005 20190211161107.0
008 060418s2006 xx ||||gr |0|| 0 eng d
100 1 _aCOHEN, Boyd D.
_924923
245 1 0 _aInformation asymmetry and investor valuation of IPOs :
_btop management team legitimacy as a capital market signal
260 _aUK :
_bWiley,
_cJuly 2005
520 3 _aThe condition of information asymmetry between current owners and potential IPO investors creates a context wherein the legitimacy of the top management team (TMT) may serve as a valid signal of value to potential investors. The results confirm our hypotheses that TMT legitimacy is negatively correlated with post-IPO stock value run-up. Our results support a previously unexplored view of the TMT as an important signal of value in IPOs, and suggest that dual benefits accrue to the TMT selection process in IPO firms.
650 4 _aTop management team
_924924
650 4 _aInformation asymmetry
_924925
650 4 _aInitial public offering
_924926
650 4 _aSignaling
_924927
700 1 _aDEAN, Thomas J.
_924928
773 0 8 _tStrategic Management Journal
_g26, 7, p. 683 - 690
_dUK : Wiley, July 2005
_xISSN 0143-2095
_w
942 _cS
998 _a20060418
_b1409^b
_cNatália
999 _aConvertido do Formato PHL
_bPHL2MARC21 1.1
_c15679
_d15679
041 _aeng