The following HTML text is provided to enhance online
readability. Many aspects of typography translate only awkwardly to HTML.
Please use the page image
as the authoritative form to ensure accuracy.
Investor Exits, Innovation, and Entrepreneurial Firm Growth: Questions for Research - Summary of a Workshop
Nevertheless, various participants suggested a number of research avenues that could be productive and useful:
Efforts to quantify and rank policies—securities regulation, legal liability, etc.—that almost certainly raise the financial and opportunity costs of undertaking IPOs and sustaining new public companies;
International comparisons of IPO markets;
Comparison of exit strategies across technologies;
Research on what types of innovation are associated with different firm organizational structures and investment sources;
Research on whether IPOs are occurring later and acquisitions earlier than previously in the life of entrepreneurial companies and what the consequences are of more mature public offerings and of “premature” sell-outs; and
Efforts to understand how investors’ expectations regarding their eventual exit affect the development of entrepreneurial firms in different sectors.