University of Illinois Urbana-Champaign

Three Essays on Firms' Decisions to Issue Securities

Henderson, Brian Joseph

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Description

Title
Three Essays on Firms' Decisions to Issue Securities
Author(s)
Henderson, Brian Joseph
Issue Date
2006
Doctoral Committee Chair(s)
Neil Pearson
Department of Study
Finance
Discipline
Finance
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Business Administration, Banking
Language
eng
Abstract
In the third chapter, the choice of marketplaces in which firms issue securities is studied. Since capital markets are not seamlessly integrated, firms may be able to issue securities into foreign markets to take advantage of a market with a segmented information set or to act opportunistically with respect to investor sentiment. This essay presents evidence that opportunistic behavior plays an important role in firms' choice of the marketplace into which they issue capital securities.
Graduation Semester
2006
Type of Resource
text
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http://hdl.handle.net/2142/87437

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