MANAGING THE COSTS OF ISSUING COMMON EQUITY: THE ROLE OF REGISTRATION CHOICE

Abstract

AbstractThe following sections are included:IntroductionTraditional Registration of Common Equity OfferingsA Brief History of Shelf RegistrationThe DataWho Uses Shelf Registrations?Costs of Issuing EquityWhy Do Some High Information Asymmetry Firms Choose Shelf Registration?ConclusionEndnotesAcknowledgmentsReferences

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