目录：

盈利能力分析国外参考文献

盈利能力分析国外参考文献

1、Extant empirical evidence indicates that the proportion of firms going public prior to achieving profitability has been increasing over time. This phenomenon is largely driven by an increase in the proportion of technology firms going public. Since there is considerable uncertainty regarding the long-term economic viability of these firms at the time of going public, identifying factors that influence their ability to attain key post-IPO milestones such as achieving profitability represents an important area of research. We employ a theoretical frOOework built around agency and signaling considerations to identify factors that influence the probability and timing of post-IPO profitability of Internet IPO firms. We estiOOte Cox Proportional Hazards models to test whether factors identified by our theoretical frOOework significantly impact the probability of post-IPO profitability as a function of time. We find that the probability of post- IPO profitability increases with pre-IPO investor deOOnd and change in ownership at the IPO of the top officers and directors. On the other hand, the probability of