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2023
- ISIDORE Id: 10670/1.826681...
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Equity--Law and legislation ChanceryCiter ce document
Ilias Annaoui et al., « Governance mechanisms and equity line financing », Management & Avenir, ID : 10670/1.826681...
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Equity line financing allows managers to draw on successive capital increases whenever they wish, over an agreed time frame, to strengthen their equity. It remains to be seen whether certain governance variables (board of directors, ownership structure, and management category) can explain the use of such financing. This study was conducted on 374 companies from fifteen countries over a fifteen-year period. Companies with an institutional shareholder base and with CEOs who are male, older, and less educated are the ones that issue the most equity line financing.
