Stockholder Wealth Effects of Eurobond Financing: A Canadian Perspective
GLOBAL FINANCE JOURNAL, Vol. 7, No. 2, Fall/Winter 1996
Posted: 17 Apr 1997
Abstract
This paper empirically assesses stockholder wealth gains from the issuance of Canadian dollar denominated Eurobonds, in lieu of domestic bonds, for a sample of Canadian firms which employed both types of bond financing during the period 1983- 1990. We find no difference in stockholder wealth gain achieved from issuing Eurobonds than from issuing domestic bonds. This leads us to conclude that Eurobond financing bargains were nonexistent during the time period of our study.
JEL Classification: F31, G15
Suggested Citation: Suggested Citation
Athanassakos, George and Schnabel, Jacques A., Stockholder Wealth Effects of Eurobond Financing: A Canadian Perspective. GLOBAL FINANCE JOURNAL, Vol. 7, No. 2, Fall/Winter 1996, Available at SSRN: https://ssrn.com/abstract=4830
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