- Consulting Editors
- Finance of New industries
- The Returns to Entrepreneurship
- Risk Attitudes and Private Business Equity
- New Firm Financing and Performance
- New Perspectives On Entrepreneurial Capital Structure
- The Capital Structure of Family Firms
- Influence of Internal Factors on the Use of Equity-and Mezzanine-Based Financing in Family Firms
- Planning For Entrepreneurial Finance And Capital: A Critical Review Of The Importance Of Teaching Business Planning
- Funding Gaps
- Availability of Credit to Small Firms Young and Old: Evidence from the Surveys of Small Business Finances
- Asymmetric Information, Credit Market Condition, and Entrepreneurial Finance
- Alternative Types Of Entrepreneurial Finance
- Angel Investors and Their Investments
- Firm Growth, Schumpeterian Entrepreneurship, and Venture Capital
- Why Do Firms Go Public?
- Valuation Of IPOs
- Trade Credit and Its Role in Entrepreneurial Finance
- Factoring and Invoice Financing
- Project Finance
- Hedge Fund Asset-Based Lending
- Business Taxation, Corporate Finance, and Economic Performance
- Financial Capital among Minority-Owned Businesses
- Financing Women-Owned Firms: A Review Of Recent Literature
- International Differences In Entrepreneurial Finance
- Entrepreneurial Finance in Weak Institutional Environments
- Microfinance for Entrepreneurs
- The Past and Future of Innovations in Microfinance
- Index of Names
Abstract and Keywords
Valuation of initial public offerings (IPOs) occupies an important place in finance, perhaps because an IPO provides public capital market participants their first opportunity to value a set of corporate assets. Valuation of IPOs is also quite relevant from an economic efficiency perspective: the IPO is the first opportunity that managers of such (usually young) companies get to observe price signals from the public capital markets. Such signals can either affirm or repudiate management's beliefs regarding the firm's future growth opportunities, which have obvious implications for real economic activity (e.g., employment and corporate investment).
Rajesh Aggarwal is the U.S. Bancorp professor of financial markets and institutions at the University of Minnesota. He graduated from Yale University with a degree in economics and from Harvard University with a PhD in business economics. He has published in the Journal of Political Economy, Journal of Finance, and other top finance and economics journals. He is interested in corporate governance, executive compensation, IPOs, hedge funds, and stock market manipulation.
Sanjai Bhagat is the provost professor of finance at the University of Colorado at Boulder. He has worked previously at the U.S. Securities and Exchange Commission, Princeton University, and University of Chicago. He has an MBA from the University of Rochester and a PhD from the University of Washington. He has published extensively in the leading finance and law academic journals (such as the Journal of Finance, Journal of Financial Economics, American Law and Economics Review, Columbia Law Review, and Journal of Corporation Law). Dr. Bhagat has advised the U.S. Securities and Exchange Commission, and the U.S. Department of Treasury on corporate governance reforms. He is a board member of Integra Ventures, a venture capital company, and of the National Association of Corporate Directors—Colorado Chapter. He is also a founding director of the TiE-Rockies (The Indus Entrepreneurs), a professional group serving technology entrepreneurs.
Srinivasan Rangan is an associate professor of accounting at the Indian Institute of Management, Bangalore. He graduated from the University of Madras with a degree in commerce, and from the Wharton School of the University of Pennsylvania with a PhD in accounting. He has published in the Journal of Financial Economics, Journal of Accounting Research, The Accounting Review, and Review of Accounting Studies and Financial management, and is interested in initial public offerings, market efficiency, mergers and acquisitions, earnings management, and valuation. He is an associate member of the Indian Chartered Accountants Institute.
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