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Cited by 357

The DOI matches its Crossref record; 18 of the 18 references it cites were found in a registry or an index.

Technological Innovation and Initial Public Offerings

Open access
Maksimovic, Vojislav, Pichler, Pegaret·2001·Review of Financial Studies
DOI 10.1093/rfs/14.2.459
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Abstract

This article shows how both technological and competitive risks affect the timing of private and initial public offerings in an emerging industry. Early private financing occurs in industries that are perceived to be risky, with high development costs and low probability of being displaced by technologically superior rivals. Early public financing occurs in industries perceived to be viable, with low development costs and low probability of displacement. Due to feedback effects between financial and product markets, the value of investors’ proprietary information is greater in private than in initial public offerings. This has implications for underpricing.

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Registry

Crossref · 10.1093/rfs/14.2.459

Cites

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Metadata

Authors
Maksimovic, V., & Pichler, P.
Venue
Review of Financial Studies
Publisher
Oxford University Press (OUP)
Published
2001-04
Volume
14
Issue
2
Pages
459-494
ISSN
  • 0893-9454 (ISSN-L)
  • 1465-7368
DOI
10.1093/rfs/14.2.459
OpenAlex
W2146329570
Cited by
357
References
18
FWCI
59.77
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Technological Innovation and Initial Public Offerings. https://app.cochat.ai/papers/10.1093/rfs/14.2.459
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Maksimovic, V., & Pichler, P. (2001). Technological Innovation and Initial Public Offerings. Review of Financial Studies. https://doi.org/10.1093/rfs/14.2.459

Data sources

Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.