Essays about: "Seasoned Offerings"

Showing result 1 - 5 of 18 essays containing the words Seasoned Offerings.

  1. 1. Seasoned Equity Offerings: The Market Reaction to the Disclosure of Intended Use of Proceeds - Evidence from Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Sofia Sjerling; Luba Wiander; [2020]
    Keywords : Event Study; Seasoned Equity Offering; Use of Proceeds; Agency Issues; Information Asymmetry;

    Abstract : Using a hand-collected sample of 228 Seasoned Equity Offerings (SEOs) on the Swedish market between 2010 and 2019, we investigate the effect of the disclosure of intended use of proceeds on share price at announcement, distinguishing between firms raising money for investment purposes, refinancing purposes and general corporate purposes. Previous literature on the intended use of proceeds in SEOs finds that the market reacts less negatively to motives for investment in the disclosure. READ MORE

  2. 2. INVESTMENT ADVICE FROM INSIDERS : The impact of Insider Trading on Long-Term IPO Stock Performance in Sweden

    University essay from Umeå universitet/Företagsekonomi; Umeå universitet/Företagsekonomi

    Author : Anton Leth; Jakob Vikström; [2020]
    Keywords : Initial Public Offering; Insider Trading; Stock performance; Sweden; Efficient Market Hypothesis; Agency Theory; Signaling Theory; Stakeholder Theory; Prospect Theory.;

    Abstract : This thesis analyzes and evaluates the relationship between insider trading and the long-term stock performance of Initial Public Offerings (IPO) in Sweden. The study looks at firms that recently conducted an IPO and how the stock performance of the firm is impacted by insiders making transactions in their own stock. READ MORE

  3. 3. Overvalued stock: M&A or SEO? A study of the performance and decision making of overvalued firms.

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Georges Chalami; Lucas Aras; [2019]
    Keywords : Overvaluation; mergers and acquisitions; seasoned equity offerings; operating performance; firm characteristics;

    Abstract : This study examines two ways of exploiting overvalued stock by US firms: Conducting a seasoned equity offering (SEO) or a stock swap acquisition. As market misvaluations provide short-term opportunities for managers to receive large potential gains, the decision of how to utilize stock overvaluation can have a significant impact on the value created. READ MORE

  4. 4. Do Chinese Dual-listed Companies "Return with Glory" in Their Mainland IPOs ?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Wenxin Zhao; Kangni Lang; [2019]
    Keywords : Dual-listing; Market segmentation; Stock return; Event study; Cumulative abnormal return; Business and Economics;

    Abstract : Dual-listing has become a popular approach for companies to seek funding and international expansion. Typically companies grow big from less developed domestic markets and march into developed markets. However, China, as an emerging market economy has witnessed a wave of Hong Kong-listed companies returning to the mainland for a second IPO. READ MORE

  5. 5. On the pricing of non-convertible preferred stock offerings

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Charbel Josefsson; Hannes Wall; [2017]
    Keywords : Preferred Stock; Seasoned Offerings; Overpricing; Liquidity; Interest Rate Uncertainty;

    Abstract : Existing research encompassing pricing of preferred stock offerings is limited and it seems as if researchers have ignored to investigate it. As such, and given the recent years' momentum in the Canadian preferred stock market, in this study we examine the pricing of non-convertible preferred stock issues by assessing initial returns of 266 seasoned offerings on the Toronto Stock Exchange over the period 2002-2016. READ MORE