haku: @author Irvine, P. / yhteensä: 1
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| Tekijä: | Irvine, P. Rosenfeld, J. |
| Otsikko: | Raising caapital using monthly incom preferred stock: market reaction and implications for capital structure theory |
| Lehti: | Financial Management
2000 : SUMMER, VOL. 29:2, p. 5-20 |
| Asiasana: | Securities Stock markets Capital structure of companies |
| Kieli: | eng |
| Tiivistelmä: | The impact of selling monthly income preferred stock (MIPS) on the common share prices of the issuing firm is examined. The finding is that issuing MIPS to retire preferred stock raises the value of the firm, and that government policy can significantly affect the present value of the tax savings. |
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