The choice of equity-selling mechanisms
Article Abstract:
The primary source of funding for firms that have recently issued initial public offerings (IPOs) is equity. But these firms have not yet become post-IPO firms. Information asymmetry and the level of monitoring demanded by firms are the two significant determinants of the choice between public offerings and private placements. In the wake of increasing importance of private placements, the effect of information asymmetry and monitoring of managers on the choice between public offerings and private placements is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2004
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A liquidity-augmented capital asset pricing model
Article Abstract:
The role of liquidity premium as an important tool of capital asset pricing model is examined.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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Dynamic liquidity in endowment economies
Article Abstract:
A study on pricing and hedging of liquidity risk in endowment economies is presented.
Publication Name: Journal of Financial Economics
Subject: Economics
ISSN: 0304-405X
Year: 2006
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