Seifert, Bruce; Gonenc, Halit - In: Journal of Multinational Financial Management 22 (2012) 3, pp. 66-81
This paper examines the impact of mispricing, corporate life cycle, and financing waves on the debt/equity decision when firms (1) acquire funds and (2) repurchase funds by using a large international data set from 47 countries for the period 1984–2006. Our results support the mispricing...