• Economics, Business
• Published 2015
• DOI:10.2139/ssrn.2611756

Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows

@inproceedings{Blankespoor2015PerceptionsAP,
  title={Perceptions and Price: Evidence from CEO Presentations at IPO Roadshows},
  author={Elizabeth Blankespoor and Bradley E. Hendricks and Gregory S. Miller},
  year={2015}
}

• Elizabeth Blankespoor, Bradley E. Hendricks, Gregory S. Miller

This paper examines the relation between cognitive perceptions of management and firm valuation. We develop a composite measure of investor perception using 30-second content-filtered video clips of initial public offering (IPO) roadshow presentations. We show that this measure, designed to capture viewers’ overall perceptions of a CEO, is positively associated with pricing at all stages of the IPO (proposed price, offer price and end of first day of trading). Further, the impact is greater for… CONTINUE READING

View PDF

Save to Library

Create Alert

Cite