equity investors. This type of financing might be of great interest to family firms, as the family firm owner is able to …

In this study we examine how Specified Purpose Acquisition Companies (SPACs) were used as a financing tool for … that financing motives were more important than public listing motives …

equity investors. This type of financing might be of great interest to family firms, as the family firm owner is able to …

In our article we present the use of hybrid securities in the privatization process. We show that exchangeable bonds … reasons. Firstly, the exchangeables offer a much lower coupon in comparison with the ordinary government bonds which may be … privatization processes by means of exchangeable bonds i.a. in Germany and in Austria. Most of such operations, e.g. German Deutsche …

This paper is the first to document the presence of a private premium in public bonds. We find that spreads are 31 … basis points higher for public bonds of private companies than for bonds of public companies, even after controlling for … fixed issuer effects. Despite the premium pricing, bonds of private companies are no more likely to default or be downgraded …