Patents, innovation, and performance of venture capital-backed IPOs
We study the predictive power of patents on the long-run performance of venture capital (VC)-backed initial public offerings (IPOs). We show that VC-backed IPOs that have at least one patent at the time of the IPO substantially outperform other VC-backed IPOs, with 3-year buy-and-hold market-adjuste...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2015
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/5230 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6229/viewcontent/SSRN_id2364668.pdf |
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| Institution: | Singapore Management University |
| Language: | English |