Selection Bias and the Underwriter Certification of the Largest Shareholders in Seasoned Equity Offerings

Selection Bias and the Underwriter Certification of the Largest Shareholders in Seasoned Equity Offerings

The largest shareholders of issuing firms in Hong Kong are eligible to underwrite rights issues and open offers. We hypothesize that the largest shareholders as underwriters who possess more information are better than investment banks in certifying firm value. Our analyses show that the largest...

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Bibliographic Details
Main Authors: Lee, Chin Chong, Poon, Wai Ching, Sinnakkannu, Jothee
Format: Article
Language:English
Published: 2017
Subjects:
HB Economic Theory
HG Finance
Online Access:http://eprints.intimal.edu.my/1198/1/2017Lee_PoonJothee-International_Review_of_Finance.SelectionbiasandtheunderwritercertificationofthelargestshareholdersinSeasonedequityofferings.pdf
http://eprints.intimal.edu.my/1198/
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Institution: INTI International University
Language: English

Internet

http://eprints.intimal.edu.my/1198/1/2017Lee_PoonJothee-International_Review_of_Finance.SelectionbiasandtheunderwritercertificationofthelargestshareholdersinSeasonedequityofferings.pdf
http://eprints.intimal.edu.my/1198/

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