Strategic financial management Part II: Seasoned equity offerings, corporate payout policy, and the case of regulated utilities

• Main Authors: FU, Fangjian, SMITH, Clifford W.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2022
• Subjects: Finance and Financial Management
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/7129
• Institution: Singapore Management University

As discussed in the predecessor to this article that came out roughly two years ago, each of today's three dominant academic theories of capital structure has trouble explaining the financing behavior of public companies making seasoned equity offerings (SEOs) of their own stock. In conflict wi...