Brown, James R.; Floros, Ioannis V. - In: Journal of Corporate Finance 18 (2012) 1, pp. 151-165
.S. firms that raise external equity through private placements (PIPEs) between 1995 and 2008. The public firms relying on PIPEs … constraints; PIPEs are by far the most important source of finance for these firms. We show that firms use PIPE inflows to …