Equity Issues and Stock Price Dynamics
收藏NBER1989-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3169
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资源简介：
This paper presents an information-theoretic, infinite horizon model of the equity issue decision. The model's predictions about stock price behavior and issue timing explain most of the stylized facts in the empirical literature: (a) equity issues on average are preceded by an abnormal positive
提供机构：
美国国家经济研究局
创建时间：
1989-11-01
