Frank M. Song

Economics and Management School, Wuhan University

Hubei

China

Faculty of Business and Economics, The University of Hong Kong

Pokfulam Road

Hong Kong

China

  • Economics and Management School, Wuhan University

  • Faculty of Business and Economics, The University of Hong Kong

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Differences Between Savings from Equity Issuance and Savings from Cash Flow

Number of pages: 41 Posted: 12 Dec 2019 Last Revised: 20 Apr 2020
Yuejiao Duan, Frank M. Song, Xiao Zhang and Peng Zhou
Nankai University - School of Finance, Economics and Management School, Wuhan University, Nankai University - School of Finance and Economics and Management School, Wuhan University
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Abstract:

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precautionary saving; savings rate; growth options; financial constraints; market timing