Im internationalen Vergleich sind starke Unterschiede in der Finanzierung von Unternehmensinvestitionen festzustellen, die sich vor allem in der unterschiedlich starken Bedeutung von Bank- und Kapitalmarktfinanzierungen niederschlagen. Während in den angelsächsischen Ländern auf gut...

The ability of capital markets to distinguish firms of different value by the size of their initial equity offerings is attenuated when insiders can sell equity more than once. A model is developed in which there is price risk from holding equity between periods. When the uncertainty is small....

The ability of capital markets to distinguish firms of different value by the size of their initial equity offerings is attenuated when insiders can sell equity more than once. A model is developed in which there is price risk from holding equity between periods. When the uncertainty is small....