Why do banks issue equity?
US banks maintain significantly higher capital levels than required by regulatory authorities. In addition to complying with capital regulations, this paper investigates the motivations behind banks' decisions to issue equity. We find that banks use seasoned equity offerings (SEOs) to expand th...
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Main Authors: | , , , |
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Format: | Default Article |
Published: |
2024
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Subjects: | |
Online Access: | https://hdl.handle.net/2134/25325722.v1 |
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