Debt restructuring through equity issues
This paper examines whether new equity may be issued to recapitalize existing assets in financially distressed firms. Using a sample of 3,184 follow-on primary common stock issues offered by Korean publicly traded firms from 2000–2013, we find that more than one-third of the equities are issued to c...
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| Main Authors: | , , |
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| Format: | Article |
| Published: |
2019
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| Subjects: | |
| Online Access: | http://eprints.sunway.edu.my/1089/ http://doi.org/10.1016/j.jbankfin.2019.07.002 |
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