Skip to main content

LUP Student Papers

LUND UNIVERSITY LIBRARIES

(FIQ) Frequently Issued Questions

Josander, Vilhelm LU ; Blomdahl, Johan LU and Smyth, Daniel LU (2013) FEKH89 20122
Department of Business Administration
Abstract
The purpose of this thesis is to help develop a deeper understanding of the impact seasoned equity offerings (SEO) has on long run performance on the swedish stock market. By examining companies issuing new stock, and their respective share-price performance during a three year period and comparing this to non-issuing firms, we hope to discover what factors play an important role in determining the share price.

The underlying theory is based on earlier research on long run performance and SEOs, mainly conducted on the American market by American professors.

The thesis is a long-term event study based on a deductive approach. The empiricial material, mostly secondary data, is analyzed using the buy-and-hold method as well as a... (More)
The purpose of this thesis is to help develop a deeper understanding of the impact seasoned equity offerings (SEO) has on long run performance on the swedish stock market. By examining companies issuing new stock, and their respective share-price performance during a three year period and comparing this to non-issuing firms, we hope to discover what factors play an important role in determining the share price.

The underlying theory is based on earlier research on long run performance and SEOs, mainly conducted on the American market by American professors.

The thesis is a long-term event study based on a deductive approach. The empiricial material, mostly secondary data, is analyzed using the buy-and-hold method as well as a multiple regression.

This thesis provides significant evidence of a connection
between BHAR and issuing companies relative to non-issuing companies. We also conclude that the variables recapitalization and the relative ! offer size show the highest level of significancy. (Less)
Please use this url to cite or link to this publication:
author
Josander, Vilhelm LU ; Blomdahl, Johan LU and Smyth, Daniel LU
supervisor
organization
course
FEKH89 20122
year
type
M2 - Bachelor Degree
subject
keywords
Seasoned Equity Offerings, New Issues Puzzle, Capital Structure, Long Run Perfomance, BHAR, multiple regression.
language
Swedish
id
3516090
date added to LUP
2013-02-22 14:21:59
date last changed
2013-02-22 14:21:59
@misc{3516090,
  abstract     = {The purpose of this thesis is to help develop a deeper understanding of the impact seasoned equity offerings (SEO) has on long run performance on the swedish stock market. By examining companies issuing new stock, and their respective share-price performance during a three year period and comparing this to non-issuing firms, we hope to discover what factors play an important role in determining the share price.

The underlying theory is based on earlier research on long run performance and SEOs, mainly conducted on the American market by American professors.

The thesis is a long-term event study based on a deductive approach. The empiricial material, mostly secondary data, is analyzed using the buy-and-hold method as well as a multiple regression.

This thesis provides significant evidence of a connection
between BHAR and issuing companies relative to non-issuing companies. We also conclude that the variables recapitalization and the relative ! offer size show the highest level of significancy.},
  author       = {Josander, Vilhelm and Blomdahl, Johan and Smyth, Daniel},
  keyword      = {Seasoned Equity Offerings,New Issues Puzzle,Capital Structure,Long Run Perfomance,BHAR,multiple regression.},
  language     = {swe},
  note         = {Student Paper},
  title        = {(FIQ) Frequently Issued Questions},
  year         = {2013},
}