... by reviewing 232 articles published in 29 journals from the accounting, finance and management literature. This review provides an overview of existing findings, highlights current trends and interdisciplinary differences in research approaches and identifies potential avenues for future research. Design...

..., numerous papers have explored the short‐term effects of various financing announcements. Notably, the survey conducted by Harris and Raviv (1991) shows that stock market reaction to the announcement of leverage‐increasing (leverage‐reducing) transactions tends to be positive (negative). Research...