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Keywords: signaling
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Journal Articles
New England Journal of Entrepreneurship (2012) 15 (1): 29–42.
Published: 01 March 2012
...John S. Pearlstein; Robert D. Hamilton The theory presented suggests that underwriters are both advisors and independent agents in the issuerʼs attempt to send “signals” of quality to investors by making pre-IPO organizational changes. These pre-IPO gambits are intended to increase IPO proceeds...
