Impact of post-IPO investments on the long-term financial market performance of Japanese IPOs: A preregistered report
Why this work is in the frame
A frame that forgets how it found something cannot be audited. These are the routes that admitted this work.
Bibliographic record
Abstract
This pre-registered report seeks to understand how investments made after a firm's initial public offering (IPO) impact its long-run IPO financial performance. That IPOs substantially underperform three to five years after going public ( Loughran and Ritter, 1995 ) has been much debated with various factors implicated in causing the “new issues puzzle”. However, few studies focus on how firms actually spend their IPO capital and the associated impacts of those choices on long-term performance. By empirically testing the impact of the actual “use of proceeds” by newly public IPOs, the proposed study will bridge this gap. It can also inform corporate decision making by addressing how spending on debt repayment, fixed assets, working capital, and investments in shares, as well as investments in shares of stock, secondary stock, and foreign direct investments impact a firm's long-term financial market performance.
Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.
Full frame distilled prediction
Teacher imitationNot calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.
Codex and Gemma teacher scores by category
| Category | Codex | Gemma |
|---|---|---|
| Metaresearch | 0.001 | 0.000 |
| Meta-epidemiology (narrow) | 0.000 | 0.000 |
| Meta-epidemiology (broad) | 0.000 | 0.000 |
| Bibliometrics | 0.000 | 0.001 |
| Science and technology studies | 0.000 | 0.000 |
| Scholarly communication | 0.000 | 0.001 |
| Open science | 0.001 | 0.000 |
| Research integrity | 0.000 | 0.001 |
| Insufficient payload (model declined to judge) | 0.000 | 0.000 |
Machine scores (provisional)
The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.
Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.
score_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it