Ngo, Anh; Varela, Oscar; Feixue, Xie - In: Review of Accounting and Finance 18 (2019) 1, pp. 157-175
Purpose: This paper aims to examine the effects of lines of credit on a firm’s market timing behavior and the pricing of its seasoned equity offerings (SEOs). It shows that firms with lines of credit are more likely to time the equity market and receive less underpricing for their SEOs. It...