The Effect of Information Releases on the Pricing and Timing of Equity Issues: Theory and Evidence
收藏NBER1988-10-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w2727
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资源简介：
This paper develops a formal model of the timing and pricing of new equity issues, assuming that managers are better informed than new investors about the quality of the firm. Firms will prefer to issue equity when the market is most informed about the quality of the firm. This implies that equity
提供机构：
美国国家经济研究局
创建时间：
1988-10-01
