Three essays on the funds allocation of U.S. Firms
In essay one, we distinguish between two types of equity capital namely, proceeds collected from the exercise of employee stock options and those raised from all other equity issues. We examine the spending patterns of these proceeds and find that firms do not have a greater tendency to spend option...
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| Format: | Thesis |
| Language: | English |
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2018
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| Online Access: | https://hdl.handle.net/10356/89436 http://hdl.handle.net/10220/46285 |