We examine the choice of issuance mechanism for 833 unseasoned equity issues (the choice between initial public offers (IPOs) and direct placements (DPs)) prior to exchange listing. Using unique Australian data and incorporating interrelated decisions, we find that corporate control concerns...

This paper examines the determinants of the currency denomination of debt decision of Australian and New Zealand firms and compares it with that of Asian firms around the 1997 Asian crisis. Unlike existing research, our model of currency choice controls for location choice, and includes firm and...

We examine the role of issuer-underwriter relationships in determining underwriter spreads for Eurobond floating rate notes during 1992-2002. Financial and nonfinancial firms with long-term relationships pay a higher underwriter spread. Financial issuers that switch underwriters receive a...