Essays about: "TERP"

Found 2 essays containing the word TERP.

1. 1. Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market)

   University essay from Blekinge Tekniska Högskola/Sektionen för management

   Author : Pawel Merdi; [2012]
   Keywords : Right Issues; Rights Offer; Ex-right day; Record date; Efficient Market Hypothesis EMH ; Theoretical Ex-right Price TERP ; Event Study; Abnormal Returns; Swedish Stock Exchange; Seasonal Equity offerings SEO ; Subscription Rights;

   Abstract : The purpose of this thesis is to study the anomalies around the ex-right day of right issue. Evidence suggests that the equity price is not always adjusted according to the Theoretical ex-right price (TERP) around ex-right date and therefore creates large arbitrage opportunities. READ MORE

3. 2. Share Price Reaction to Seasoned Equity Offerings

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Christoffer Andersson; Fredrik Warstedt; [2012]
   Keywords : SEO; Rights Issue; TERP; Underwriting;

   Abstract : The thesis tests if there is any significance in the discrepancy between the Theoretical Ex-Rights Price and the actual share price after the issuance in regards to the communicated motive behind the new issue. The motives tested for are; repayment of outstanding debt, capital expenditure and raising operational cash. READ MORE