Is there a pecking order? Evidence from a panel of IPO firms

Article Abstract:

A sample of companies that initially went public in 1983 and their discrete financing decisions between 1984 and 1992 were analyzed to determine the validity of the pecking order model. The model predicted that internal financing, debt and equity were followed by firms in ranking resources. The analysis assumed explosive funds growth and the inability of some firms to issue low-risk debt. The possibility of securing external funds was not related to internal fund shortfalls.

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Alternative flotation methods, adverse selection, and ownership structure: evidence from seasoned equity issuance in the U.K.

Article Abstract:

A new study investigates the effects of using placings as an alternative flotation method for British firms between 1982 and 1985 and examines the issuance of primary seasoned equity through placings, insured and uninsured rights between 1986 and mid-1994.

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Do investment banks compete in initial public offerings?: the advent of the "7% plus contract"

Article Abstract:

Research is presented describing the study pricing control on initial public offerings and the strategies used by investment banks to benefit from the 7% contract structures.

Econometrics & Model Building, Economic aspects, Prices and rates, Investment banks, Econometrics, Price control, Price regulations, Business models

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