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Journal of Business, Economics and Finance

Yıl 2012 , Cilt 1 , Sayı 1

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Makale özeti
Başlık :

Small-firm uniqueness and signaling theory

Yazar kurumları :
Brigham Young University1
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Özet Türkçe :

The purpose of this paper is two-fold. First, we develop a theory of small firm uniqueness. Instead of using an exogenous definition of firm size typical of the extant literature, we allow firms to choose whether they are a "small firm" through the instrument of the SEC's SB-2 program. Second, we test empirical hypotheses that follow from the theory. We find strong empirical evidence in support of the small-firm uniqueness theory.

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