The authors follow the methodology of a U.S.-based study to compare determinants of the financing choices of European and American acquirers. Differences in bank dependence and ownership concentration between Europe and the U.S. are potentially important for the financing decision.The authors'...

When companies raise equity finance they have to make two choices: the issuing method (cash versus rights) and, when they choose the rights issue method, whether rights should be traded or not. We study these choices using a sample of 15,751 rights issues and 22,016 cash offers announced during...