政大機構典藏-National Chengchi University Institutional Repository(NCCUR):Item 140.119/120864

English | 正體中文 | 简体中文 | Post-Print筆數 : 27 | Items with full text/Total items : 113656/144643 (79%)
Visitors : 51717314 Online Users : 573

RC Version 6.0 © Powered By DSPACE, MIT. Enhanced by NTU Library IR team.

Home ‧ Login ‧ Upload ‧ Help ‧ About ‧ Administer

政大機構典藏 > 商學院 > 財務管理學系 > 期刊論文 > Item 140.119/120864

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/120864

Title:	Information Content of Offer Date Revelations: A Fresh Look at Seasoned Equity Offerings
Authors:	Chan, Konan 湛可南 Nayar, Nandkumar Singh, Ajai K. Yu, Wen
Contributors:	財管系
Date:	2018-09
Issue Date:	2018-11-09 15:05:13 (UTC+8)
Abstract:	Besides the offer price discount, investment bankers use revisions in offer size from the amount originally filed to signal the issuer`s quality to their buy-side clients. Unlike the offer price discount, offer size revision not only relates to the offer date price reaction, it also predicts post-SEO (seasoned equity offering) performance. Improved SEOs, whose offer size exceeds the amount originally registered, experience significantly positive returns during the registration period and on the offer date. More importantly, they do not underperform post-issuance. Their complement, regular SEOs, exhibit significantly negative returns during the registration period, on the offer date, and underperform their benchmark following issuance.
Relation:	FINANCIAL MANAGEMENT, 47(3), 519-552
Data Type:	article
DOI 連結:	http://dx.doi.org/10.1111/fima.12186
DOI:	10.1111/fima.12186
Appears in Collections:	[財務管理學系] 期刊論文

Files in This Item:

File	Description	Size	Format
12186.pdf		261Kb	Adobe PDF2	388	View/Open

社群 sharing

著作權政策宣告 Copyright Announcement

1.本網站之數位內容為國立政治大學所收錄之機構典藏，無償提供學術研究與公眾教育等公益性使用，惟仍請適度，合理使用本網站之內容，以尊重著作權人之權益。商業上之利用，則請先取得著作權人之授權。
The digital content of this website is part of National Chengchi University Institutional Repository. It provides free access to academic research and public education for non-commercial use. Please utilize it in a proper and reasonable manner and respect the rights of copyright owners. For commercial use, please obtain authorization from the copyright owner in advance.

2.本網站之製作，已盡力防止侵害著作權人之權益，如仍發現本網站之數位內容有侵害著作權人權益情事者，請權利人通知本網站維護人員(nccur@nccu.edu.tw)，維護人員將立即採取移除該數位著作等補救措施。
NCCU Institutional Repository is made to protect the interests of copyright owners. If you believe that any material on the website infringes copyright, please contact our staff(nccur@nccu.edu.tw). We will remove the work from the repository and investigate your claim.

Loading...