Kadapakkam, Palani-Rajan; Kon, Stanley J - In: The Journal of Business 62 (1989) 2, pp. 271-92
The Securities and Exchange Commission (SEC) Rule 415 (shelf registration) allows eligible firms to register securities that they intend to issue in the next two years. Once the registration is declared effective, firms can enter the market instantaneously. Ineligible issuers, however, are...
