Investment Opportunities, Managerial Decisions, and the Security Issue Decision
收藏NBER1994-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4907
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资源简介：
With agency costs of managerial discretion, equity financing is advantageous for the shareholders of firms with valuable investment opportunities but not for the shareholders of other firms. Accordingly, we find that firms with good investment opportunities are more likely to issue equity than debt,
提供机构：
美国国家经济研究局
创建时间：
1994-10-01
