Title :
Determinants of Internet startups success
Author :
Reddy, Srinivas K. ; Jaju, Anupam ; Kwak, Hyokjin
Author_Institution :
Terry Coll. of Bus., Georgia Univ., Athens, GA, USA
Abstract :
During the last few years, Internet startup Initial Public Offerings (IPOs) have provided investors with extraordinary returns and high success rates. Assuming that investors rationally evaluate the firms and their IPOs on their ability to provide both short-run and long term profitability, we analyze the various factors that lead to the success of the Internet IPOs. We use indicators of company/business characteristics, external characteristics, IPO characteristics and market condition for 354 Internet IPOs during 1995-1999 to empirically support our model that aims to determine the performance of these IPOs in terms of its first day closing price
Keywords :
Internet; investment; management; Internet startup Initial Public Offerings; Internet startups success; business characteristics; company characteristics; external characteristics; first day closing price; high success rates; investor returns; long term profitability; short-run profitability; Companies; Decision making; Education; Educational institutions; Electronic commerce; Internet; Investments; Profitability; Stock markets;
Conference_Titel :
Engineering Management Society, 2000. Proceedings of the 2000 IEEE
Conference_Location :
Albuquerque, NM
Print_ISBN :
0-7803-6442-2
DOI :
10.1109/EMS.2000.872574
