Modeling Internet Operations Using Initial Public Offerings
In this research we test the generalizability of an existing model for classifying information-intensive services that can be globally disaggregated to Internet services. This categorization allows us to judge which types of Internet Initial Public Offerings (IPOs) are likely to have superior perfor...
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Published in | American journal of business Vol. 20; no. 2; pp. 25 - 34 |
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Main Authors | , , |
Format | Journal Article |
Language | English |
Published |
Muncie
Emerald Group Publishing Limited
28.10.2005
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Subjects | |
Online Access | Get full text |
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Summary: | In this research we test the generalizability of an existing model for classifying information-intensive services that can be globally disaggregated to Internet services. This categorization allows us to judge which types of Internet Initial Public Offerings (IPOs) are likely to have superior performance. Specifically, we hypothesize that Internet firms with higher information intensity, lower physical presence and lower customer contact needs will have a greater probability of generating larger risk-adjusted returns. We test these hypotheses on 340 Internet IPOs and find partial support for the model. In particular, Internet firms with high information intensity and low customer contact need yield superior performance. However, firms with low physical presence underperform in our sample. |
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Bibliography: | filenameID:5400200203 href:19355181200500009.pdf ark:/67375/4W2-G3JZZN2B-8 istex:BE9DD1A00BFDEF0ED07646DF059A9543AF5DD306 original-pdf:5400200203.pdf |
ISSN: | 1935-5181 1935-519X 1935-5181 |
DOI: | 10.1108/19355181200500009 |