The Impact of Slack Resources on High–Tech IPOs-Reference-Cited by-同舟云学术

The Impact of Slack Resources on High–Tech IPOs

Published:2013-09 Issue:5 Volume:37 Page:1123-1147
ISSN:1042-2587
Container-title:Entrepreneurship Theory and Practice
language:en
Short-container-title:Entrepreneurship Theory and Practice

Author:

Mousa Fariss–Terry¹,Reed Richard²

Affiliation:

1. Department of Management, College of Business, 421 Bluestone Drive, Zane Showker Hall 520, MSC 0205, James Madison University, Harrisonburg, VA 22807, USA.

2. Department of Management and Labor Relations, Nance College of Business Administration, 2121 Euclid Avenue, bu425, Cleveland State University, Cleveland, Ohio 44015–2214, USA.

Abstract

Research on organization slack has focused mainly on its effect in large publicly traded firms, but little work exists on the value of slack resources for other firms. Therefore, here, we address the question: Do slack resources matter in the case of initial public offerings (IPOs)? We argue that firms that possess financial, innovational, and managerial slack resources are sending a positive signal to potential investors regarding the quality of the IPO. Using a sample of high–tech IPOs, we find support for that contention.

Publisher

SAGE Publications

Subject

Economics and Econometrics,Business and International Management

Link

http://journals.sagepub.com/doi/pdf/10.1111/etap.12001

Reference125 articles.

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