Crossed wires: Endorsement signals and the effects of IPO firm delistings on venture capitalists’ reputations

• Main Authors: GOMULYA, David, JIN, Kyuho, LEE, Peggy M., POLLOCK, Timothy G.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2019
• Subjects: Corporate Finance; Organizational Behavior and Theory; Strategic Management Policy
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/5976; https://ink.library.smu.edu.sg/context/lkcsb_research/article/6975/viewcontent/crossedwires.pdf
• Institution: Singapore Management University

Signaling theorists have paid a great deal of attention to the costs of acquiring characteristics that can serve as signals, such as endorsements from reputable third parties. However limited attention has been devoted to the penalty costs associated with providing inaccurate signals and the factors...