Liang, Hsiao-Chen; Jang, Woan-Yuh - In: Journal of entrepreneurial finance : JEF ; official … 19 (2017) 1, pp. 35-82
. Although private placement is favorable for firms raising capital, it is relatively easy for managers to exploit it to benefit … announcements and study whether managers strategically perform news management. The results show that issuers will engage in news …