Managerial optimism and post-financing stock performance in Taiwan: A comparison of debt and equity financing

Autor:	Chia-Wen Yu, Yu-Fen Chen, Chih-Yung Wang
Rok vydání:	2013
Předmět:	Finance Economics and Econometrics business.industry media_common.quotation_subject Financial system Market timing Equity financing Corporate finance Optimism Debt Portfolio Business Stock (geology) media_common
Zdroj:	Economics Letters. 119:332-335
ISSN:	0165-1765
Popis:	We compare post-financing stock performance for debt-issuing portfolio with equity-issuing one in Taiwan to identify whether firms’ financing decisions were driven by managerial optimism or market timing. Our result supports corporate financing decisions in Taiwan are driven by managerial optimism.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::3adbec4ccc1f9c6038e2f4d1ac5b30f7 https://doi.org/10.1016/j.econlet.2013.03.010 Zobrazit plný text záznamu Full Text from ScienceDirect