search query: @indexterm warrants / total: 25
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| Author: | Alderson, M.J. Betker, B.L. |
| Title: | Managerial discretion costs and the acquisition of capital: evidence from forced warrant exercise |
| Journal: | Financial Management
2003 : SPRING, VOL. 32:1, p. 109-126 |
| Index terms: | Agencies Capital Inventory control SHARE PRICES Warrants |
| Language: | eng |
| Abstract: | Forced warrants exercise should elicit a stock price reaction only in response to inventory adjustments or unanticipated increases in agency costs. The authors find evidence of both effects. Firms calling warrants for redemption experience negative abnormal returns on the announcement date. |
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