The influence of earnings per share on capital issues: some evidence from UK companies

Davidson, Ian and Mallin, Christine (1998) The influence of earnings per share on capital issues: some evidence from UK companies. The European Journal of Finance, 4 (3). pp. 305-309. ISSN 1351-847X

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Abstract

This paper investigates the simple hypothesis that when companies issue more capital, they have a tendency to select the type of capital, all other things being equal, which results in the higher short-term earnings per share (eps). The methodology employs probit analysis to test the hypothesis that the form of issue selected was that which gave the higher eps after controlling for other factors such as leverage and industry classification. The results lead us to conclude that there is evidence in capital issues of functional fixation on eps.

Item Type: Article
Faculty \ School: Faculty of Social Sciences > Norwich Business School
Related URLs:
Depositing User: Elle Green
Date Deposited: 07 Sep 2012 14:29
Last Modified: 04 Mar 2019 00:51
URI: https://ueaeprints.uea.ac.uk/id/eprint/39484
DOI: 10.1080/135184798337326

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