NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability

Lubos Pastor, Lucian Taylor, Pietro Veronesi

NBER Working Paper No. 12792
Issued in December 2006

---- Acknowledgments ----

All authors are at the Graduate School of Business, University of Chicago. Pastor and Veronesi are also affiliated with the CEPR and NBER. We thank Ray Ball, Doug Diamond, Michael Halling (discussant), John Heaton, Gene Kandel, Peter Kondor, and the audiences at the University of Chicago and the Vienna Symposia in Asset Management for helpful comments. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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