Corporate Finance and Banking
Contributors: Bruno Biais (Editor); Marco Pagano (Editor)
Publisher: Oxford University Press, USA
Published: June 15, 2002
Language: eng
Number of pages: 375
ISBN-13: 9780199243242
First sentence: In principle, if the relevant decision makers have rational expectations, the two methods should give consistent answers: the motives to go public uncovered on the basis of 'ex ante evidence' should square with the 'actual effects' of flotation.