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ex post holdup costs in new product market relationships. Finally, we find that firms with higher asymmetric information … placement when information asymmetries are extreme. -- Seasoned equity offerings ; Rights offerings ; Private equity placements …
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First established during the 1830's, the Enskilda banks were characterized by unlimited owner liability and the right to issue bank notes. Consequently, in Swedish banking history, these banks have been considered to be primitive relics. This paper utilizes new data to revise this picture of the...
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