Underpricing & performance of seasoned equity offerings : the role of corporate governance.

• Main Authors: Luo, Sean Melvyn Jia-Da., Quek, Thommy Yu-Chai., Thien, Yan Huan.
• Other Authors: Lim, Chee Yeow
• Format: Final Year Project
• Published: 2008
• Subjects: DRNTU::Business::Finance::Corporate governance
• Online Access: http://hdl.handle.net/10356/9523
• Institution: Nanyang Technological University

Using a sample of 1402 public companies in the United States, our study provides empirical evidence on the impact of five corporate governance mechanisms, namely (i) CEO duality, (ii) Board independence, (iii) Board size, (iv) Managerial ownership and (v) Institutional ownership, on SEO underpricing...