Marr, M Wayne; Netter, Jeffry M; Poulsen, Annette B - In: Journal of Regulatory Economics 6 (1994) 1, pp. 27-39
In this paper we present evidence on the effects of Rule 415, the SEC Rule that relaxed the SEC's long-standing opposition to delayed offerings. Shelf registration allows securities to be offered on a continuous or delayed basis in certain circumstances. We provide evidence on one aspect of the...