Palkar, Darshana D.; Tripathy, Niranjan - In: Managerial Finance 37 (2011) April, pp. 380-405
Purpose – Short-term cash need plays a critical role in equity issuance decisions. Consequently, the ease with which a seasoned equity offer (SEO) is completed can have a direct effect on the cost of raising equity. The purpose of this paper is to examine whether liquidity is likely to affect...