The Informational Content of Initial Public Offerings
收藏NBER1990-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w3259
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资源简介：
The ability of capital markets to distinguish firms of different value by the size of their initial equity offerings is attenuated when insiders can sell equity more than once. A model is developed in which there is price risk from holding equity between periods. When the uncertainty is small. there
提供机构：
美国国家经济研究局
创建时间：
1990-02-01
