Physical goods creation involves significant variable costs while online service provision and software development often do not. The objective of this study is to investigate whether these cost structure variations lead to differences in the characteristics of initial public offerings (IPOs) for traditional firms versus online service and software firms.
Strader, Troy and Carter, Richard, "CHARACTERISTICS OF ONLINE SERVICE AND SOFTWARE FIRM IPOS
SOFTWARE FIRM IPOS" (2007). MWAIS 2007 Proceedings. 19.