Private placements of equity and firm value : value enhancing or value destroying?
This paper reassesses two conflicting hypotheses on the valuation impacts of private placements of equity (PPEs), the monitoring/certification hypothesis and the managerial entrenchment hypothesis, by focusing on the shareholder approval, active buyer, and premium pricing features of PPEs. We find t...
| Principais autores: | , |
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| Outros Autores: | |
| Formato: | Journal Article |
| Idioma: | English |
| Publicado em: |
2022
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| Acesso em linha: | https://hdl.handle.net/10356/153620 |