{"title":"Determinants of Internet startups success","authors":"S. Reddy, A. Jaju, Hyokjin Kwak","doi":"10.1109/EMS.2000.872574","DOIUrl":null,"url":null,"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.","PeriodicalId":440516,"journal":{"name":"Proceedings of the 2000 IEEE Engineering Management Society. EMS - 2000 (Cat. No.00CH37139)","volume":"50 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2000-08-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Proceedings of the 2000 IEEE Engineering Management Society. EMS - 2000 (Cat. No.00CH37139)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1109/EMS.2000.872574","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 2
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.