Download or read book Three Essays on Entrepreneurial Strategy written by Jarrod Humphrey and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: resource allocation for academic spinouts. Finally, the third essay examines the strategic decision to withdraw a firm from the IPO premarket. Using the CEO, the decision-maker most responsible for IPO withdrawal, I find that entrepreneurial CEOs (founders) increase a firm's probability of IPO withdrawal. Additionally, I show that founder-led IPO firms are more likely to return to the capital markets after a withdrawal than professional CEOs. However, I show these relationships weaken if the CEO enters entrepreneurship from a publicly traded company. I find strong support for my predictions using 24 years of data on all life sciences firms that filed their intention to become publicly traded with the SEC. The three essays contribute to the entrepreneurial strategy, strategic leadership, and knowledge inheritance literature.