Access to Capital and the IPO Decision: An Analysis of US Private Firms
A one-standard-deviation increase in a firm's financing deficit is associated with a 45% higher likelihood of going public.
National Bureau of Economic Research
Company · US · 2 documents
Communicating Performance: Textual and Financial Disclosures in Private Equity
Private capital fund managers possess substantial information about portfolio company quality early on, communicating narrative sentiment that predicts ultimate firm performance in the first three years.