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Persistent link: https://www.econbiz.de/10003526400
Firms conduct SEOs to resolve a near-term liquidity squeeze, and not primarily to exploit market timing opportunities. Without the SEO proceeds, 62.6% of issuers would have insufficient cash to implement their chosen operating and non-SEO financing decisions the year after the SEO. Although the...
Persistent link: https://www.econbiz.de/10003512588
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Firms conduct SEOs to resolve a near-term liquidity squeeze, and not primarily to exploit market timing opportunities. Without the SEO proceeds, 62.6% of issuers would have insufficient cash to implement their chosen operating and non-SEO financing decisions the year after the SEO. Although the...
Persistent link: https://www.econbiz.de/10012776447
Firms conduct SEOs to resolve a near-term liquidity squeeze, and not primarily to exploit market timing opportunities. Without the SEO proceeds, 62.6% of issuers would have insufficient cash to implement their chosen operating and non-SEO financing decisions the year after the SEO. Although the...
Persistent link: https://www.econbiz.de/10012465366
Volume 1A covers corporate finance: how businesses allocate capital - the capital budgeting decision - and how they … contributions in finance since then have shown that managers maximize their own objectives. To understand the firm's decisions, it …
Persistent link: https://www.econbiz.de/10012254701
finance. Covering subjects from corporate taxes to behavioral corporate finance and econometric issues, their articles reveal …). Presents coherent summaries of major finance fields, marking important advances and revisionsDescribes the best corporate … finance research created about the 2008 financial crisesExposes readers to a wide range of subjects described and analyzed by …
Persistent link: https://www.econbiz.de/10012254703
Most firms deleverage from their historical peak market-leverage (ML) ratios to near-zero ML, while also markedly increasing cash balances to high levels. Among 4,476 nonfinancial firms with five or more years of post-peak data, median ML is 0.543 at the peak and 0.026 at the later trough, with...
Persistent link: https://www.econbiz.de/10011969090