Stock authorizations: A sequential equilibrium analysis

We develop a sequential equilibrium model of the common stock authorization process. We provide conditions under which actions that increase the number of slack shares, such as stock authorizations, generate negative announcement effects.

MoreLess

Year of publication:	1991-12
Authors:	Noe, Thomas ; Jayaraman, Narayanan
Publisher:	Kluwer Academic Publishers

Online Resource

Check full text access |

More access options

Check Google Scholar

I need help

More details

Type of publication:	Article
Language:	English
Notes:	Noe, Thomas and Jayaraman, Narayanan (1991) Stock authorizations: A sequential equilibrium analysis. Review of Quantitative Finance and Accounting, 1 (4). pp. 383-397.
Other identifiers:	10.1007/BF02408398 [DOI]
Source:	BASE

Persistent link: https://www.econbiz.de/10011423052