Are Sophisticated Investors Smart Enough? Evidence from Private Equity Placements.
碩士 === 國立中正大學 === 財務金融所 === 95 === I examine whether the sophisticated investors are smart enough to uncover the overpriced firm value following private placements. I find that, despite having a positive stock-price reaction at the announcement, firms that issue equity privately significantly underp...
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| Format: | Others |
| Language: | en_US |
| Online Access: | http://ndltd.ncl.edu.tw/handle/19775518065656828695 |