Equity Financing for Small Business.
نویسندگان
چکیده
منابع مشابه
Overvalued Equity and Financing Decisions
We test whether equity overvaluation affects corporate financing decisions using an ex ante misvaluation measure that filters firm scale and growth prospects from market price. We find that equity issuance and total financing by firms increase with equity overvaluation; but only among overvalued stocks. Also consistent with behavioral theories, we find that the sensitivity of equity issuance to...
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ژورنال
عنوان ژورنال: The Journal of Finance
سال: 1963
ISSN: 0022-1082
DOI: 10.2307/2977386