Price manipulation around seasoned equity offerings.

• المؤلفون الرئيسيون: Lau, Yuk Ki., Lim, Roslyn Pei Shan., Tay, Lian Hui.
• مؤلفون آخرون: Suman Banerjee
• التنسيق: Final Year Project
• اللغة: English
• منشور في: 2010
• الموضوعات: DRNTU::Business::Finance::Equity
• الوصول للمادة أونلاين: http://hdl.handle.net/10356/33517
• المؤسسة: Nanyang Technological University

In this paper, we investigate the possibility of establishing a manipulative equilibrium when a firm announces a seasoned equity offering (SEO) to raise funds for investing in a probable project. We assume that the project has a high probability of downside performance and low probability of a stron...