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A Comparison of IPO Issuers’ Perceptions and Academic Theories About IPOs

Dillon, Michael Edward, Jr.
http://rave.ohiolink.edu/etdc/view?acc_num=ucin1172593998

Abstract Details

2007, PhD, University of Cincinnati, Business Administration : Finance.
Previous IPO literature examines IPO outcomes, financial data, and statistics for firms to infer motivations and theories onto the firm principals. This paper took a directly opposite approach to the outside-in examination, concentrating on input directly from IPO firm principals through a survey questionnaire. Both CEOs and CFOs for firms that recently completed and withdrew their IPO were questioned concerning issues prior to, during, and immediately following the IPO. Findings suggest more individuals are involved in the decision and more reasons for the decision than the traditional explanation. Also, a single explanation for all IPOs is not possible. Market forces, both general and industry specific were important in the decision to go public, but much more influential on pricing decisions. Responses show pricing decisions were primarily left to the underwriter, but not from a perceived expertise, with the decision having overwhelming agreement by issuers. Responses show agreement that a reverse pecking order of financing does exist.
Dr. Michael Walker (Advisor)
211 p.
IPO; Survey; Going Public; Life-cycle; Market Forces

Recommended Citations

Citations

  • Dillon, Jr., M. E. (2007). A Comparison of IPO Issuers’ Perceptions and Academic Theories About IPOs [Doctoral dissertation, University of Cincinnati]. OhioLINK Electronic Theses and Dissertations Center. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1172593998

    APA Style (7th edition)

  • Dillon, Jr., Michael. A Comparison of IPO Issuers’ Perceptions and Academic Theories About IPOs. 2007. University of Cincinnati, Doctoral dissertation. OhioLINK Electronic Theses and Dissertations Center, http://rave.ohiolink.edu/etdc/view?acc_num=ucin1172593998.

    MLA Style (8th edition)

  • Dillon, Jr., Michael. "A Comparison of IPO Issuers’ Perceptions and Academic Theories About IPOs." Doctoral dissertation, University of Cincinnati, 2007. http://rave.ohiolink.edu/etdc/view?acc_num=ucin1172593998

    Chicago Manual of Style (17th edition)

ucin1172593998
1,271
© 2006, all rights reserved.
This open access ETD is published by University of Cincinnati and OhioLINK.