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Viewing report
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Long Run Performance and Risk Changes. Edition No. 1
VDM Publishing House, Nov 2008, Pages: 72
Finally, the result of the study specifically shows that the stock price returns of the firms that sell equity through private placement do not underperform when the risk and return are downstream together. So based on this empirical result, the managers or investors are not fear with raising capital with private placement of equity. Moreover, the result shown that private offer proceeds are used for capital expenditures conveys a good sign to investors about the companies' investments.
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