Technological capabilities and internationalization of high‐tech ventures: The moderating role of strategic orientations

2020 ◽  
Vol 41 (8) ◽  
pp. 1462-1472
Author(s):  
Jee Yong Chung ◽  
Woojin Yoon
2016 ◽  
Vol 19 (2) ◽  
pp. 13-25 ◽  
Author(s):  
William Wales ◽  
Fariss-Terry Mousa

This study presents evidence concerning the effects of affective and cognitive rhetoric on the underpricing of firms at the time of their initial public offering. It is suggested that firms that use less affective, and more cognitively oriented discourse in their IPO prospectus will experience better underpricing outcomes. We examine these assertions using a sample of young high-tech IPO firms where investors rely on prospectuses as accurate and informative firm communications. Results from a robust five-year time span observe initial support for the hypothesized effects. Moreover, the signaling of a higher degree of entrepreneurial orientation in the firm prospectus is found to worsen the negative effects of affective discourse


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