期刊名称：International Research Journal of Finance and Economics
印刷版ISSN：1450-2887
电子版ISSN：1450-2887
出版年度：2018
期号：170
页码：92-97
出版社：European Journals Inc.
摘要：Qualified Institutional Placement (QIP) and preferential allotment are two ways in which firms privately place equity in India. The paper looks at the private placements made between 2010 to2017 and finds that information asymmetry plays a role in one method of placement being chosen over the other. The variables of Size of the firm, institutional and promoter shareholding are a key determinant of one method being chosen over the other. Issue size in QIP is likely to be higher than that of preferential allotment. Further levered firms are more likely to choose preferential allotment over QIP.
