Moeller, Sara B. (contributor); … - 2003 - [Elektronische Ressource]
bidders, namely the fact that the bidder’s decision to pay with equity reveals that bidder
management believes that the … the Myers and Majluf (1984) model of equity issues. Following this
model a firm would not pay with equity if management … management
believes that the firm’s equity is overvalued. Empirical evidence shows that public equity issues
have negative …