Illiquidity, Stock Return and Corporate Capital Structure: Evidence from Seasoned Equity Offering

Illiquidity, Stock Return and Corporate Capital Structure: Evidence from Seasoned Equity Offering

The post-issue underperformance of seasoned equity offering (SEO) is generally explained by asymmetric information and deteriorating operating performance. We complement these traditional explanations with a new parameter, the liquidity, which results from the change of capital structure due to equi...

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Bibliographic Details
Main Author: YU, Zhao
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
capital structure
illiquidity
seasoned equity offering
Finance and Financial Management
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/etd_coll/20
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1019&context=etd_coll
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/etd_coll/20
https://ink.library.smu.edu.sg/cgi/viewcontent.cgi?article=1019&context=etd_coll

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