Wealth Impact of Unit Rights Offerings to Debt Holders: Evidence from Australia
We examine the debt holders' wealth effect of Australian firms and the factors that determine firms' decision to issue unit rights. The sample consists of 638 offerings observations spanning from year 2000 to 2014. Probability of default has been used as the proxy for debt holders wealth....
| Published in: | Australasian Accounting, Business and Finance Journal |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
University of Wollongong
2023
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-85165610965&doi=10.14453%2faabfj.v17i4.08&partnerID=40&md5=1871d23d8fcfefffcc54499b7014caf2 |