INITIAL CORPORATE DEBT OFFERINGS, CERTIFICATION AND EQUITY VALUATION

An analysis of the effects of initial corporate debt offerings on the stock prices of industrial firms is presented. Empirical results from 171 initial debt offerings support the hypotheses that: 1. informational asymmetry between management and lenders can cause an adverse market reaction, and 2. t...

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Veröffentlicht in:	Journal of business finance & accounting 1996-04, Vol.23 (3), p.399-416
Hauptverfasser:	Burnie, David A., Ogden, Joseph P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Accounting Asymmetric information Corporate debt Equity Hypotheses Public debt Regression analysis Securities offerings Stock prices Studies Valuation
Online-Zugang:	Volltext
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