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dc.contributor.advisorFerris, Stephen P.eng
dc.contributor.authorCicon, James E.eng
dc.date.issued2012eng
dc.date.submitted2012 Springeng
dc.descriptionTitle from PDF of title page (University of Missouri--Columbia, viewed on August 28, 2012).eng
dc.descriptionThe entire thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file; a non-technical public abstract appears in the public.pdf file.eng
dc.descriptionDissertation advisor: Dr. Stephen Ferriseng
dc.descriptionIncludes bibliographical references.eng
dc.descriptionVita.eng
dc.descriptionPh. D. University of Missouri--Columbia 2012eng
dc.descriptionDissertations, Academic -- University of Missouri--Columbia -- Business administration.eng
dc.description"May 2012"eng
dc.description.abstractI show that quality of corporate governance incrementally explains IPO pricing and performance. I facilitate this by creating a measure of corporate governance, provided by the bylaws and charter of an IPO, called camouflage. Camouflage provides evidence that how the bylaws and charter are written is equally important to what is written in them. Bebchuk and Cohen (2005) show this when they provide evidence that the text of a staggered board provision is less important, and that how the provision is placed in the bylaws/charter is more important. I analyze placement of all governance provisions. I also analyze the informative value of sentence syntax and word choice. Thus, my model analyzes bylaws/charter similarly to how humans read them: it analyzes words (semantics), sentences (syntax), and paragraphs (rhetoric). I show that camouflage is meaning distributed across provision type. I show that firms use less camouflage when under greater scrutiny. I show that founders used camouflage to increase offer proceeds and to decrease underpricing. I show that camouflage explains third party trading behavior.eng
dc.format.extentvi, 145 pageseng
dc.identifier.oclc872568884eng
dc.identifier.urihttp://hdl.handle.net/10355/14982
dc.languageEnglisheng
dc.publisherUniversity of Missouri--Columbiaeng
dc.relation.ispartofcollectionUniversity of Missouri--Columbia. Graduate School. Theses and Dissertations.eng
dc.subjectinitial public offering (IPO)eng
dc.subjectcorporate governanceeng
dc.subjectboard provisioneng
dc.subjectthird party trading behavioreng
dc.titleHiding in plain sight: camouflage in the corporate governance of IPOseng
dc.typeThesiseng
thesis.degree.disciplineBusiness administration (MU)eng
thesis.degree.grantorUniversity of Missouri--Columbiaeng
thesis.degree.levelDoctoraleng
thesis.degree.namePh. D.eng


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