Financing Through Asset Sales
作者： Alex Edmans , William Mann
DOI:
关键词: Debt 、 Information asymmetry 、 Equity (finance) 、 Cash 、 Investment (macroeconomics) 、 Certainty effect 、 Finance 、 Asset (economics) 、 Value (economics) 、 Business
摘要: … on firm financing studies debt versus equity issuance. We model an alternative source, non-core asset sales, and identify three new factors that contrast it with equity. First, unlike asset …
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