Macroeconomic Conditions and Capital Raising

Article, Preprint OPEN
Isil Erel; Brandon Julio; Woojin Kim; Michael S. Weisbach;
  • Journal: Review of Financial Studies,volume 25,issue 2,pages341-376
  • Related identifiers: doi: 10.1093/rfs/hhr085
  • Subject: Market downturns; Security choice; Maturity; Security
    • jel: jel:G21 | jel:G32 | jel:E00

Do macroeconomic conditions affect firms' abilities to raise capital? If so, how do they affect the manner in which the capital is raised? We address these questions using a large sample of publicly-traded debt issues, seasoned equity offers, bank loans and private plac... View more
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