What are firms?
Subtitle: evolution from birth to public companies
By: Steven N. Kaplan, Berk A. Sensoy, Per Strömberg.
Contributors: Sensoy, Berk A.; Strömberg, Per.; National Bureau of Economic Research.
Series: NBER working paper series ;; working paper 11581; Working paper series (National Bureau of Economic Research : Online) ;; working paper no. 11581.
Publisher: National Bureau of Economic Research
Published: 2005
Place of publication: Cambridge, MA
Language: eng
Format: Electronic resource
Subjects: Corporations -- Growth.
Description: "We study how firm characteristics evolve from early business plan to initial public offering to public company for 49 venture capital financed companies.  The average time elapsed is almost 6 years.  We describe the financial performance, business idea, point(s) of differentiation, non-human capital assets, growth strategy, customers, competitors, alliances, top management, ownership structure, and the board of directors.  Our analysis focuses on the nature and stability of those firm attributes.  Firm business lines remain remarkably stable from business plan through public company.  Within those business lines, non-human capital aspects of the businesses appear more stable than human capital aspects.  In the cross-section, firms with more alienable assets have substantially more human capital turnover"--National Bureau of Economic Research web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.