Capital

The choice between rights-preserving issue methods. Regulatory and financial aspects of issuing seasoned equity in the UK

The Limits of Financial Globalization

Deconstructing Equity: Public Ownership, Agency Costs, and Complete Capital Markets

Where Do Firms Issue Debt?

The Real Costs of Financial Efficiency When Some Information Is Soft

This paper shows that improving financial efficiency may reduce real efficiency. While the former depends on the total amount of information...

Venture Capital 2.0: From Venturing to Partnering

Against the backdrop of an ever-changing financial landscape sometimes characterized by an abundance of funding and start-up opportunities, but...

Liability for Non-Disclosure in Equity Financing

This paper analyzes the effects of holding firms liable for non-disclosure of material information when raising capital. A privately-informed...

International Evidence on Cash Holdings and Expected Managerial Agency Problems

This paper uses managerial control rights data for over 5000 firms from 31 countries to examine the net costs and benefits of cash holdings. We find that...

Corporate Finance in Europe: A Survey

Bank Reputation in the Private Debt Market

Private Equity and the Resolution of Financial Distress

We examine the role private equity (PE) firms play in the resolution of financial distress using a sample of 2,151 firms that borrow in the leveraged loan...

Market Efficiency after the Financial Crisis: It?s Still a Matter of Information Costs

Compared to the worldwide financial carnage that followed the Subprime Crisis of 2007-2008, it may seem of small consequence that it is also said to have...