How the Jobs Act is Reshaping IPOs: Implications for Entrepreneurial Firms

Academy of Management Perspectives, Forthcoming

Posted: 17 Mar 2017

See all articles by Dane Blevins

Dane Blevins

Independent

Roberto Ragozzino

University of Liverpool; University of Tennessee

Jeffrey J. Reuer

Purdue University - Krannert School of Management

Date Written: March 15, 2017

Abstract

The Jumpstart Our Business Startups (JOBS) Act was signed into law on April 5th, 2012. A key objective of the act was to allow new ventures in the United States to go public and raise growth capital more easily and cost-effectively than before. The aim of this paper is to discuss the implications of the JOBS Act for initial public offerings (IPOs). We argue that the JOBS Act gives rise to important spillover effects that may create ambiguous consequences for IPOs. The central question is whether the JOBS Act’s mandate of facilitating fund raising can come to fruition and, if so, which features of the Act may shift capital markets in entrepreneurship. Our paper begins to address this question and aims to serve as a catalyst for future academic work in this area.

Suggested Citation

Blevins, Dane and Ragozzino, Roberto and Reuer, Jeffrey J., How the Jobs Act is Reshaping IPOs: Implications for Entrepreneurial Firms (March 15, 2017). Academy of Management Perspectives, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2933582

Dane Blevins

Independent ( email )

No Address Available

Roberto Ragozzino (Contact Author)

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZA
United Kingdom

HOME PAGE: http://https://www.liverpool.ac.uk/management/staff/roberto-ragozzino/

University of Tennessee ( email )

The Boyd Center for Business and Economic Research
Knoxville, TN 37996
United States

HOME PAGE: http://robertoragozzino.com

Jeffrey J. Reuer

Purdue University - Krannert School of Management ( email )

1310 Krannert Building
West Lafayette, IN 47907-1310
United States

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