Managerial Agents Watching other Agents: Multiple Agency Conflicts Regarding Underpricing in IPO Firms

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The effects of venture capital syndicate diversity on earnings management and performance of IPOs in the US and UK: An institutional perspective ☆ (2012, background): “Since UK IPOs tend to have a longer lockup period than US IPOs, UK VCs may provide a stronger signal of credible commitment to the venture (and a longer investment horizon) (Arthurs et al., 2008).”
Toward a “theoretical toolbox” for sustainability research in marketing (2011, background): “Recent research on the conflicting interests of principals (Arthurs et al. 2008) may indicate that managers’ real responsibility should be to act in the interest of those whose interests coincide with the firm’s long-term prospects, which likely includes investors who hold their securities over…”
Operational Slack and Venture Survival (2013, background): “Because entrepreneurs have better information about their venture’s potential than outside stake- holders, adverse selection and moral hazard have been shown to be potential problems faced by investors (Arthurs et al. 2008).”
Entrepreneurial talent and venture performance: A meta-analytic investigation of SMEs (2013, neutral): “…Advanced 50 Agarwal et al. (2004) 59 14,750 n/a n/a n/a Amason et al. (2006) 174 43,500 U.S. Advanced 46 Ancona and Caldwell (1992) 5 409 n/a n/a n/a Arthurs et al. (2008) 307 92,100 U.S. Advanced 46 Azriel (2003) 60 1200 U.S. Advanced 46 Bamford et al. (2000) 140 7000 U.S. Advanced 46 Barney et…”