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A quantitative analysis of rights offerings on the Swedish market

Hammar, David LU and Perman, Oscar (2015) BUSN88 20151
Department 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.
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author
Hammar, David LU and Perman, Oscar
supervisor
organization
course
BUSN88 20151
year
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},
  keyword      = {SEOs,issuing equity,cumulative abnormal returns,shareholders,rights offerings,event window,buy-and-hold abnormal returns},
  language     = {eng},
  note         = {Student Paper},
  title        = {A quantitative analysis of rights offerings on the Swedish market},
  year         = {2015},
}