Stock price response to announcements of withdrawal of security offerings
The objective of this paper is to examine the determinants of stock excess returns at cancellation announcements. The impact of new variables will be tested. They are profitability of growth opportunity, free cash flow availability, financial slack level as well as management shareholding level prio...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Theses and Dissertations |
| Language: | English |
| Published: |
2008
|
| Subjects: | |
| Online Access: | http://hdl.handle.net/10356/7816 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Nanyang Technological University |
| Language: | English |
| Summary: | The objective of this paper is to examine the determinants of stock excess returns at cancellation announcements. The impact of new variables will be tested. They are profitability of growth opportunity, free cash flow availability, financial slack level as well as management shareholding level prior to withdrawal announcement. |
|---|