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Showing result 1 - 5 of 22 essays matching the above criteria.

1. 1. Seasoned Equity Offerings and Disclosure Sentiment Effects: Evidence from the U.S.

   University essay from Göteborgs universitet/Graduate School

   Author : Max Mauritz; Phornchanok Phojan; [2023-06-29]
   Keywords : Seasoned Equity Offerings; Long-Term Event Study; Buy-and-Hold Abnormal Returns; Textual Analysis; Disclosure Sentiment; Disclosure Tone;

   Abstract : This paper updates the data regarding Seasoned Equity Offering firms (SEOs) long-term performance and finds evidence in line with prior research that they underperform in the longterm. Furthermore, using automated textual analysis on the relevant disclosure filings SEO firms in the United States publish (Form 10-K, Form 8-K and Form 424B), we investigate the relationship between disclosure sentiment variables and long-term return performance. READ MORE

3. 2. Announcement Effect of Primary Seasoned Equity Offerings of Common Stock: Evidence from the Swedish Stock Market

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Anna Jóna Reynisdóttir; Guðrún Özurardóttir; [2023]
   Keywords : Seasoned equity offering; Swedish stock market; primary offering; equity issue; financing; increase in share capital; wealth transfer; Business and Economics;

   Abstract : This study investigates the abnormal returns associated with announcements of primary seasoned equity offerings of common stock on the Swedish stock market. It provides a comprehensive discussion on equity offerings and their related theories, in addition to a thorough review of existing empirical research. READ MORE

4. 3. Discounts, Commitments, and the Attractivity of Rights Offerings: A Swedish Example

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Victor Asp; Alexander Josefsson; [2022]
   Keywords : Seasoned Equity Offering; Rights Issue; Discount; Commitment; Subscription;

   Abstract : 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

5. 4. Is it cash o'clock?

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : John Hagfält; Andreas Luttropp; [2021]
   Keywords : Seasoned Equity Offerings; Abnormal Return; Market Timing; Cash Need Rationale; Financial Distress; Business and Economics;

   Abstract : The purpose of this study is to further investigate how market timing and cash need rationale affects stock performance subsequent to a seasoned equity offering and, by doing so, to expand on previous literature on the subject of seasoned equity offerings and stock performance. In this thesis a quantitative approach taken by estimating buy-and-hold abnormal returns subsequent to a seasoned equity offering by the means of an event study. READ MORE

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

   University essay from 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