Brockman, Paul; Olsen, Brett C. - In: Managerial Finance 39 (2013) February, pp. 322-341
Kothare, the ownership concentration and market liquidity of the underlying stock prior to and following warrant exercises are … decrease in ownership concentration following warrant exercises. Examining the liquidity effects of this change in ownership …Purpose – Firms issuing equity securities for capital must recognize that this issuance may alter the ownership …