How the JOBS Act is Reshaping IPOs: Implications for Entrepreneurial Firms

Blevins, Dane P, Ragozzino, Roberto ORCID: 0000-0001-7801-4582 and Reuer, Jeffrey J (2017) How the JOBS Act is Reshaping IPOs: Implications for Entrepreneurial Firms. ACADEMY OF MANAGEMENT PERSPECTIVES, 31 (2). pp. 109-123.

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Official URL: https://journals.aom.org/doi/10.5465/amp.2015.0150

Abstract

The Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5, 2012. A key objective of the JOBS Act was to allow new ventures in the United States to go public and raise growth capital more easily and cost-effectively than before. The aim of this paper is to discuss the implications of the JOBS Act for initial public offerings (IPOs). We argue that the JOBS Act gives rise to important spillover effects that may create ambiguous consequences for firms' 1130s. The central question is whether the JOBS Act's mandate of facilitating fund raising can come to fruition and, if so, which features of it may lead to shifts in capital markets in entrepreneurship. Our paper begins to address these questions and aims to serve as a catalyst for future academic work in this area.

Item Type:	Article
Additional Information:	Source info: Academy of Management Perspectives, Forthcoming
Uncontrolled Keywords:	initial public offering, signaling theory, entrepreneurship, information asymmetry, public policy
Depositing User:	Symplectic Admin
Date Deposited:	02 Mar 2020 11:32
Last Modified:	19 Jan 2023 00:00
DOI:	10.5465/amp.2015.0150
Related URLs:	Author Publisher
URI:	https://livrepository.liverpool.ac.uk/id/eprint/3076720