Written 20 years ago, Eric Jackson’s PhD dissertation is one of the first studies to fully explore how a firm’s management and board characteristics are linked to IPO market capitalization and post-IPO performance.
Based on upper-echelons theory, Eric Jackson argues that the firm’s long-term operational and stock performance depend on the substantive abilities of the members of the firm’s management team and board, measured as their combined human and social capital – what Eric calls the firms’ upper-echelons capital.
Read Eric Jackson’s To Know and Be Known, Upper Echelons Capital’s Effects of IPO Performance.
