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Equity financing in a Myers-Majluf framework with private benefits of control

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  • Wu, Xueping
  • Wang, Zheng

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  • Wu, Xueping & Wang, Zheng, 2005. "Equity financing in a Myers-Majluf framework with private benefits of control," Journal of Corporate Finance, Elsevier, vol. 11(5), pages 915-945, October.
  • Handle: RePEc:eee:corfin:v:11:y:2005:i:5:p:915-945
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    Cited by:

    1. Sazali Abidin & Krishna Reddy & Liehui Chen, 2012. "Determinants of ownership structure and performance of seasoned equity offerings: Evidence from Chinese stock markets," International Journal of Managerial Finance, Emerald Group Publishing, vol. 8(4), pages 304-331, September.
    2. Liang, Hsiao-Chen & Jang, Woan-Yuh, 2013. "Information asymmetry and monitoring in equity private placements," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 460-475.
    3. Liu, Ye & An, Yunbi & Zhang, Jinqing, 2016. "Bribe payments under regulatory decentralization: Evidence from rights offering regulations in China," Journal of Banking & Finance, Elsevier, vol. 63(C), pages 61-75.
    4. Lin, Qi, 2015. "Growth options effect on leverage: Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 34(C), pages 152-168.
    5. Mufaddal Baxamusa & Sunil Mohanty & Ramesh P. Rao, 2015. "Information Asymmetry about Investment Risk and Financing Choice," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 42(7-8), pages 947-964, September.
    6. repec:eee:pacfin:v:46:y:2017:i:pa:p:94-108 is not listed on IDEAS
    7. Wu, Xueping & Au Yeung, Chau Kin, 2012. "Firm growth type and capital structure persistence," Journal of Banking & Finance, Elsevier, vol. 36(12), pages 3427-3443.
    8. Akhigbe, Aigbe & Whyte, Ann Marie, 2015. "SEO announcement returns and internal capital market efficiency," Journal of Corporate Finance, Elsevier, vol. 31(C), pages 271-283.
    9. Xueping Wu & Zheng Wang & Jun Yao, 2005. "Understanding the Positive Announcement Effects of Private Equity Placements: New Insights from Hong Kong Data," Review of Finance, Springer, vol. 9(3), pages 385-414, September.
    10. Shen, Jianfu & Firth, Michael & Poon, Winnie P.H., 2016. "Credit Expansion, Corporate Finance and Overinvestment: Recent Evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 39(C), pages 16-27.
    11. Poulsen, Thomas, 2008. "Investment decisions with benefits of control," Finance Research Group Working Papers F-2008-02, University of Aarhus, Aarhus School of Business, Department of Business Studies.
    12. Wu, Xueping & Yao, Jun, 2012. "Understanding the rise and decline of the Japanese main bank system: The changing effects of bank rent extraction," Journal of Banking & Finance, Elsevier, vol. 36(1), pages 36-50.
    13. Cheng, Minying & Lin, Bingxuan & Wei, Minghai, 2013. "How does the relationship between multiple large shareholders affect corporate valuations? Evidence from China," Journal of Economics and Business, Elsevier, vol. 70(C), pages 43-70.
    14. Tsuruta, Daisuke, 2014. "Changing banking relationships and client-firm performance: Evidence from Japan for the 1990s," Review of Financial Economics, Elsevier, vol. 23(3), pages 107-119.
    15. Normazia, M. & Hassan, Taufiq & Ariff, M. & Shamsher, M., 2013. "Private placement, share prices, volume and financial crisis: An emerging market study," Global Finance Journal, Elsevier, vol. 24(3), pages 203-221.
    16. Mykhayliv, Dariya & Zauner, Klaus G., 2013. "Investment behavior and ownership structures in Ukraine: Soft budget constraints, government ownership and private benefits of control," Journal of Comparative Economics, Elsevier, vol. 41(1), pages 265-278.
    17. Thomas Poulsen, 2013. "Corporate control and underinvestment," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 17(1), pages 131-155, February.
    18. Dariya Mykhayliv & Klaus G. Zauner, 2015. "Investment Behaviour, Corporate Control, And Private Benefits Of Control: Evidence From A Survey Of Ukrainian Firms," Bulletin of Economic Research, Wiley Blackwell, vol. 67(4), pages 309-323, October.
    19. Lee, Chin-Chong & Poon, Wai-Ching & Sinnakkannu, Jothee, 2014. "Why are rights offers in Hong Kong so different?," Pacific-Basin Finance Journal, Elsevier, vol. 26(C), pages 176-197.

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