https://scholars.lib.ntu.edu.tw/handle/123456789/427159
DC Field | Value | Language |
---|---|---|
dc.contributor.author | YI-LIN WU | en_US |
dc.creator | YI-LIN WU;吳儀玲;Wu Y. | - |
dc.date.accessioned | 2019-10-22T08:06:38Z | - |
dc.date.available | 2019-10-22T08:06:38Z | - |
dc.date.issued | 2004 | - |
dc.identifier.uri | https://www2.scopus.com/inward/record.uri?eid=2-s2.0-9944228565&doi=10.1016%2fj.jfineco.2003.08.003&partnerID=40&md5=4edfd8af791d4a4f9729e94e964b643d | - |
dc.identifier.uri | https://scholars.lib.ntu.edu.tw/handle/123456789/427159 | - |
dc.description.abstract | This paper examines the impact of information asymmetry and monitoring of managers on the choice between public offerings and private placements. Three key findings emerge. First, private placement firms have higher information asymmetry than public offering firms. Second, private placement investors do not engage in more monitoring than public offering investors. Finally, discounts for private placements sold to managers are higher than discounts for private placements in which managers do not participate. The final two findings cast doubts on the widely held view that private placements are motivated by a demand for enhanced monitoring. ? 2004 Elsevier B.V. All rights reserved. | en |
dc.relation.ispartof | Journal of Financial Economics | - |
dc.subject | Private placement; Public offering | - |
dc.title | The choice of equity-selling mechanisms | en_US |
dc.type | journal article | en |
dc.identifier.doi | 10.1016/j.jfineco.2003.08.003 | - |
dc.identifier.scopus | 56093291400 | - |
dc.relation.pages | 93-119 | - |
dc.relation.journalvolume | 74 | - |
dc.relation.journalissue | 1 | - |
item.openairecristype | http://purl.org/coar/resource_type/c_6501 | - |
item.fulltext | no fulltext | - |
item.openairetype | journal article | - |
item.grantfulltext | none | - |
item.cerifentitytype | Publications | - |
crisitem.author.dept | Economics | - |
crisitem.author.orcid | exist | - |
crisitem.author.parentorg | College of Social Sciences | - |
Appears in Collections: | 經濟學系 |
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