Empirical Predictions and Implications for Practitioners: Debt–Equity Security Space

Vipin K Agrawal and Ramesh K S Rao

Chapter 11 in Corporate Policies in a World with Information Asymmetry, 2015, pp 101-115 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The following sections are included:Financing PolicyPrior Research FindingsOur FindingsInvestment PolicyPrior Research FindingsReducing volatility of financing needs: Risk managementAltering financing needs: Corporate cash holdings and diversification mergersExpanding the security space: Issuing securities other than debt and equityOur FindingsReducing risk: Risk management and diversificationExpanding the security space to complete marketsCorporate cash holdingsMarket Reaction to Firm Policies: Announcement Period ReturnsCredit risk IA is non-negativeCredit risk IA is negative

Keywords: Information Asymmetry; Financing Decisions; Capital Structure; Dividend Policy (search for similar items in EconPapers)
Date: 2015
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