Seasoned equity offerings and customer–supplier relationships

• Main Authors: Johnson, William C., Kang, Jun-Koo, Masulis, Ronald W., Yi, Sangho
• 其他作者: Nanyang Business School
• 格式: Article
• 語言: English
• 出版: 2019
• 主題: Seasoned Equity Offering; Large Customer; DRNTU::Business::Finance
• 在線閱讀: https://hdl.handle.net/10356/86199; http://hdl.handle.net/10220/48302

We investigate how seasoned equity offerings (SEOs) by issuers with large customers affect both trading partners’ market values and the relationship's health. We hypothesize that SEOs reveal adverse information about an issuer's major customers and find that issuers and their large custome...