Essays about: "Alexander Josefsson"
Found 1 essay containing the words Alexander Josefsson.
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1. Discounts, Commitments, and the Attractivity of Rights Offerings: A Swedish Example
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : We examine the effect of discounts, subscription commitments, and underwriting commitments on the ex-post subscription rate of rights offerings, based on a sample of 164 manually collected rights issues from Swedish stock exchanges in the period ranging from January 1, 2020, to December 31, 2021. Our analysis draws on utility and signaling theory, and our findings determine a statistically significant positive effect of the subscription price discount to the theoretical ex-rights price on the ex-post subscription rate variable which we hold as a proxy for rights offering attractivity. READ MORE