Initial Public Offerings, Liquidity, and Corporate Governance Condition:Like New The “marshmallow theory” answered a

The “marshmallow theory” answered a thirty-year quest to find a compelling explanation for why some people succeed and others fail

raise visibility

Oliver Otway Orme

Christopher Silas Neal combines animals of different colors and species to form one unique creature

" the "chasm" that he experienced

Initial Public Offerings, Liquidity, and Corporate Governance Condition:Like New The “marshmallow theory” answered aThe book is a compilation of three related essays on initial public offerings, liquidity, productivity growth, and corporate governance. The first essay looks at the long run performance of initial public offerings (IPOs) in the United States relative to their liquidity profile. The book provides a liquidity based explanation for why certain IPOs underperform in the long run. The second essay relates corporate governance to a firm's productivity