A quantitative analysis of rights offerings on the Swedish market
(2015) BUSN88 20151Department of Business Administration
- Abstract
- The main goal of this thesis is to examine the share price effects of conducting seasoned equity offerings. Is the information asymmetry still the main explanation of the abnormal returns around the announcement day of SEOs? Do the firms experience long-term negative returns?
The results are similar to previous study. It appears that firms announcing SEOs do experience negative abnormal returns and also perform poorer than the market in the post-event period. The results direct that information asymmetry is a potent explanation of the abnormal returns.
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/7511359
- author
- Hammar, David LU and Perman, Oscar
- supervisor
- organization
- course
- BUSN88 20151
- year
- 2015
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- SEOs, issuing equity, cumulative abnormal returns, shareholders, rights offerings, event window, buy-and-hold abnormal returns
- language
- English
- id
- 7511359
- date added to LUP
- 2015-09-15 16:29:58
- date last changed
- 2015-09-15 16:29:58
@misc{7511359,
abstract = {{The main goal of this thesis is to examine the share price effects of conducting seasoned equity offerings. Is the information asymmetry still the main explanation of the abnormal returns around the announcement day of SEOs? Do the firms experience long-term negative returns?
The results are similar to previous study. It appears that firms announcing SEOs do experience negative abnormal returns and also perform poorer than the market in the post-event period. The results direct that information asymmetry is a potent explanation of the abnormal returns.}},
author = {{Hammar, David and Perman, Oscar}},
language = {{eng}},
note = {{Student Paper}},
title = {{A quantitative analysis of rights offerings on the Swedish market}},
year = {{2015}},
}