The Effect of Lender Identity on a Borrowing Firm's Equity Return
- 1 June 1995
- journal article
- Published by JSTOR in The Journal of Finance
- Vol. 50 (2) , 699-718
- https://doi.org/10.2307/2329425
Abstract
Previous research demonstrates that a firm's common stock price tends to fall when it issues new public securities. By contrast, commercial bank loans elicit significantly positive borrower returns. ...Keywords
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