Carayannopoulos, Peter; Nayak, Subhankar - In: Review of Pacific Basin Financial Markets and Policies … 16 (2013) 01, pp. 1350007-1
We compare valuation effects associated with debt issuance under SEC Rule 144A versus issuance in the public market. We find that nonconvertible debt Rule 144A issuers experience an incremental positive announcement effect when compared to their counterparts issuing in the public market. We...
