A configurational approach to the intended use of IPO proceeds and performance

Tupper, Christina; Mallon, Mark R.

doi:10.1108/md-08-2020-1100

Cited by 6 publications

(3 citation statements)

References 66 publications

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“…However, there is a conspicuous absence of multidimensional research, both from a conceptual and empirical standpoint. Engaging in multidimensional research offers a more robust representation of national happiness compared to previous correlational methods (Tupper & Mallon, 2022), as it more accurately portrays variables as either substitutes or complements, thereby providing a more holistic understanding of the factors shaping national SWB. In academic research, where primary causal factors are known but their complex interconnections are not fully understood, the adoption of a theory-elaborating approach is deemed appropriate (Misangyi et al, 2017).…”

Section: The Relationship Between Nbs Entrepreneurship and Swbmentioning

confidence: 99%

Does entrepreneurship hold the key? Steering through income inequality towards happiness

Sedeh,

Caiazza

2024

Bus Strat Env

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In accordance with the theoretical underpinning that subjective well‐being (SWB) is influenced by a multifaceted array of contextual determinants, this study aims to dissect these intricate connections. Utilizing national business system (NBS) framework and implementing fuzzy‐set qualitative comparative analysis (fsQCA), we scrutinize the collective impact of entrepreneurial endeavors, institutional structures, and income equality on SWB. Through this analysis, we aimed to uncover the equifinal ways in which these elements synergistically contribute to SWB. To be more precise, our study seeks to explore how environmental conditions harness the advantages of both social and commercial entrepreneurial initiatives to alleviate the negative impacts of income inequality, thereby fostering SWB. In line with this perspective, the overarching finding of our study underscores the significance of institutional coherence in fostering the ability of entrepreneurial activities to generate SWB.

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Section: The Relationship Between Nbs Entrepreneurship and Swbmentioning

confidence: 99%

Does entrepreneurship hold the key? Steering through income inequality towards happiness

Sedeh,

Caiazza

2024

Bus Strat Env

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“…They engage in configurational theorizing to understand the results of QCA but do not elaborate upon theory, strictly speaking. As an example of a recent article that more explicitly takes a theory elaboration approach, Tupper and Mallon (2022) use fsQCA to examine how information disclosed in the prospectuses for initial public offerings (IPOs) affects IPO performance. Uncovering ten equifinal paths to IPO performance, they meld information processing theory with fsQCA results to explicate how different types of information combine to influence performance, as well as how firm age, size and technological intensity (typically control variables) act as contingencies in specific situations.…”

Section: Running Fuzzy-set Qualitative Comparative Analysismentioning

confidence: 99%

“…Fainshmidt et al ., 2019) but is more commonly used somewhat inductively to elaborate theory after running analyses (e.g. Tupper and Mallon, 2022). We explicate the process of theory elaboration further in this article.…”

Section: Application Of Fsqcamentioning

confidence: 99%

Breaking new ground in family business research with neoconfigurational theorizing and analysis

Mallon

Fainshmidt

2023

JFBM

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PurposeBecause family businesses are highly complex enterprises, researchers need appropriate theoretical and methodological tools to study them. The neoconfigurational perspective and its accompanying method, qualitative comparative analysis, are particularly well suited to phenomena characterized by complex causality, but their uptake in family business research has been slow and fragmented. To remedy this, the authors highlight their unique ability to address research questions for which other approaches are not well suited and discuss how they might be applied to family business phenomena.Design/methodology/approachThe authors introduce the core tenets of the neoconfigurational perspective and how its set-theoretic epistemology differs from traditional approaches to theorizing and analysis. The authors then use a dataset of family firms to present a primer on conducting qualitative comparative analysis and interpreting the results.FindingsThe authors find that family firm resources can be combined in multiple ways to affect business survival, suggesting that resources are substitutable and complementary. The authors discuss how the unique features of the neoconfigurational approach, namely equifinality, conjunctural causation and causal asymmetry, can be fruitfully applied to break new ground in scholarly understanding of family businesses.Originality/valueThis article allows family business researchers to apply the neoconfigurational approach without first having to consult multiple and disparate sources often written for other disciplines. This article explicates how to leverage the theoretical and empirical advantages of the neoconfigurational approach in the context of family businesses, supporting a more widespread adoption of the neoconfigurational perspective in family business research.

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Government Subsidies and IPO Firms’ Short-Term Excess Returns: Evidence from China

Xu,

Li,

Zhang

et al. 2024

J Knowl Econ

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As an important tool for local governments to intervene in the listing process in their jurisdiction, the implementation effect of government subsidy has been quite controversial. This study examines the pricing mechanism of Initial Public Offerings (IPO) within China’s macro institutional environment. The period from April 2012 to December 2015 was selected as the sample observation period, with companies listed on Growth Enterprise Market (GEM) as the study objects. By focusing on IPO firms’ short-term excess returns, the multiple linear regression model and propensity score matching method (PSM) were applied to evaluate the actual impact of local government intervention through financial subsidies during the listing process. The results show that government subsidies improve IPO firm’s short-term excess returns. This promotion effect is more significant in state-owned enterprises rather than in private enterprises. Moreover, the implicit window guidance weakens the promotion effect of government subsidies on the short-term excess returns. Further, the more government subsidies the IPO firms receive, the worse their long-term performance will be. The findings demonstrate that local governments employ financial subsidies to expedite the listing process within their jurisdiction, thereby facilitating IPO companies in generating short-term excessive returns while simultaneously impeding the normal production and operation. The conclusion enhances theoretical understanding regarding high underpricing, while also offering investors a novel approach to interpreting government subsidy information and assessing IPO firm’s earnings sustainability.

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A configurational approach to the intended use of IPO proceeds and performance

Cited by 6 publications

References 66 publications

Does entrepreneurship hold the key? Steering through income inequality towards happiness

Does entrepreneurship hold the key? Steering through income inequality towards happiness

Breaking new ground in family business research with neoconfigurational theorizing and analysis

Government Subsidies and IPO Firms’ Short-Term Excess Returns: Evidence from China

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