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Full-Text Articles in Business
Financing Strategies Of The R & D Firm, Lawrence Fogelberg, John M, Griffith
Financing Strategies Of The R & D Firm, Lawrence Fogelberg, John M, Griffith
Finance Faculty Publications
This paper investigates the financing strategies of the R&D firm. Our hypotheses are based on Cho's (1992) game theory model where the firm develops a product but needs additional financing to bring it to market. The model generates a particularly rich set of hypotheses: 1) to fund the completion of its project and bring its product to market, the firm initiates negotiations with an established firm; 2) the majority of the acquisitions will be partial cash acquisitions through private secondary offerings. Confirming the model's hypotheses, we find that the majority of the acquisitions are partial cash acquisitions by significantly larger …
Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry
Private Information And Market Movements: New Evidence From The Wednesday Closings Of 1968, Thomas Berry
Thomas D Berry
No abstract provided.