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

Full text not available from this repository. (Request a copy)

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
UEA Research Groups:	Faculty of Social Sciences > Research Groups > Accounting, Finance and Governance (former - to 2017)
Depositing User:	Elle Green
Date Deposited:	07 Sep 2012 13:29
Last Modified:	24 Sep 2024 10:30
URI:	https://ueaeprints.uea.ac.uk/id/eprint/39484
DOI:	10.1080/135184798337326

Actions (login required)

View Item