Analyst coverage and the cost of raising equity capital: Evidence from underpricing of seasoned equity offerings

Analyst coverage and the cost of raising equity capital: Evidence from underpricing of seasoned equity offerings

Theorists have long recognized that information asymmetry among investors adversely affects the cost of raising equity capital (e.g., Diamond and Verrecchia 1991). When there is information asymmetry, relatively uninformed investors are reluctant to trade because of higher potential loss from transa...

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書目詳細資料
Main Authors:	BOWEN, Robert M., CHEN, Xia, CHENG, Qiang
格式:	text
語言:	English
出版:	Institutional Knowledge at Singapore Management University 2008
主題:	Analyst coverage information asymmetry cost of raising capital underpricing seasoned equity offering Accounting Corporate Finance
在線閱讀:	https://ink.library.smu.edu.sg/soa_research/826 https://ink.library.smu.edu.sg/context/soa_research/article/1825/viewcontent/SSRN_id417860.pdf
標簽:	添加標簽沒有標簽, 成為第一個標記此記錄!
機構:	Singapore Management University
語言:	English

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