Showing 1 - 10 of 82
Persistent link: https://www.econbiz.de/10001246744
Persistent link: https://www.econbiz.de/10000855381
Persistent link: https://www.econbiz.de/10001170625
Suppose that a firm receives a cash windfall which does not change its investment opportunity set, or equivalently its marginal Tobin's Q. What will this firm do with the money? We provide empirical answers to this question using a sample of firms with such windfalls in the form of a won or...
Persistent link: https://www.econbiz.de/10013246381
Persistent link: https://www.econbiz.de/10000753893
Persistent link: https://www.econbiz.de/10003407300
Persistent link: https://www.econbiz.de/10003803395
Persistent link: https://www.econbiz.de/10001133692
Persistent link: https://www.econbiz.de/10001274010
conversion, sometimes for years, beyond this time. We show that the observed delays can be plausibly explained in terms of costs … falls to account for the costs of financial distress, in which case tendering for cash is in fact optimal. Unlike other …
Persistent link: https://www.econbiz.de/10012760209