What's wrong with rights?

We investigate a failure cost hypothesis of equity flotation mechanism choice, in which the expected failure cost of non-underwritten rights offerings influences the underwriting decision. Although issuers can, in theory, completely self-insure these offerings with a sufficiently low subscription pr...

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Bibliographic Details
Main Authors: Duong, Truong, Singh, Rajdeep, TAN, Eng Joo
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2012
Subjects:
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/3284
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=1698626
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Institution: Singapore Management University
Language: English