Preferred stock financing
This paper uses the multinomial logit model to investigate the corporate financing choice among bonds, preferred stock, and common stock. The empirical evidence suggests that firms issuing preferred stock are characterized by a number of financial attributes. Compared to firms that issue bonds, firm...
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| Language: | English |
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University of British Columbia
2010
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| Online Access: | http://hdl.handle.net/2429/27266 |