• Seth C. Anderson
  • T. Randolph Beard
  • Jeffery A. Born
Part of the Innovations in Financial Markets and Institutions book series (IFMI, volume 8)


Initial public offerings play a crucial role in allocating resources in market economies. By accessing external sources of funds through an IPO, the new firm is able to acquire that capital necessary for firm growth and product innovation. Equity financing may be particularly attractive for “high risk” entrepreneurial ventures, and such enterprises represent an important motive force of economic development.


Venture Capital Initial Public Offering Firm Growth Investor Sentiment Industry Characteristic 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media New York 1995

Authors and Affiliations

  • Seth C. Anderson
    • 1
  • T. Randolph Beard
    • 2
  • Jeffery A. Born
    • 3
  1. 1.University of North FloridaUSA
  2. 2.Auburn UniversityUSA
  3. 3.Northeastern UniversityUSA

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