Financing Decisions: Lessons from the Spanish Experience

Jesus Saa-Requejo

Financial Management, 1996, vol. 25, issue 3

Abstract: Firms in Spain care about whether to use private or public market as well as about what type of security to issue. These results are similar to those previously obtained for the American market nonwithstanding the underdevelopment of the Spanish capital market and the leading role banks play heading up large industrial groups.

Date: 1996
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