We study the differences in the allocation of cash flow between Western European private and public firms. Public firms have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment-cash flow sensitivities are not due to more...

This study investigates the determinants and outcomes of raising capital ratios upon the introduction of Basel II and III regulations. The evidence indicates that a bank is more likely to raise its capital base as its capital ratio is lowered. Although equity issuing is rarely used to raise the...