Keywords
micro-IPOs, SCOR offerings, ownership and signaling factors
Abstract
In this article we extend the existing IPO literature to the case of micro-IPOs by analyzing a sample of Small Corporate Offering Registration (SCOR) documents from the U.S. state ofWashington. Through theory, we identified variables that should impact the probability of success or failure in a SCOR offering and then empirically tested them. Empirical support was found for the relevance of (1) marketing mechanisms and expenses; (2) ownership and governance factors; (3) business life cycle stages; and (4) signaling factors consistent with our theoretical predictions.
Original Publication Citation
The Determinants of Successful Micro-IPOs: An Analysis of Issues Made Under the Small Corporate Offering Registration (SCOR) Procedure, with Jerry Osteryoung, Journal of Small Business Management, Vol. 39, No. 3, 2001, 209-227.
BYU ScholarsArchive Citation
Brau, James C. and Osteryoung, Jerome S., "The Determinants of Successful Micro-IPOs: An Analysis of Issues Made under the Small Corporate Offering Registration (SCOR) Procedure" (2001). Faculty Publications. 9157.
https://scholarsarchive.byu.edu/facpub/9157
Document Type
Peer-Reviewed Article
Publication Date
2001
Publisher
Journal of Small Business Management
Language
English
College
Marriott School of Business
Department
Finance
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