| 来源类型 | Working Paper
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| 规范类型 | 报告
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| DOI | 10.3386/w3039
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| 来源ID | Working Paper 3039
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| Do Firms Care Who Provides their Financing? |
| Jeffrey K. MacKie-Mason
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| 发表日期 | 1989-07-01
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| 出版年 | 1989
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| 语种 | 英语
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| 摘要 | Several types of evidence are presented to demonstrate that firms are concerned with who provides their financing, not just with the debt/equity distinction. Aggregate and industry trends and patterns in the incremental sources of financial capital are documented, and a large sample of incremental corporate financial decisions is econometrically analyzed. There are large and persistent differences in the patterns of internal and external financing, both in the aggregate and across industries. Individual firms are shown to have distinct preferences for different providers of funds. Several indicators of potentially costly hidden information problems are important and significant determinants of choices between private and publicly-marketed sources, even after controlling for the type of security (debt or equity). |
| 主题 | Macroeconomics
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| URL | https://www.nber.org/papers/w3039
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| 来源智库 | National Bureau of Economic Research (United States)
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| 引用统计 |
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/560314
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推荐引用方式
GB/T 7714 |
Jeffrey K. MacKie-Mason. Do Firms Care Who Provides their Financing?. 1989.
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文件名：
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w3039.pdf
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格式：
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Adobe PDF
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