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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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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| 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 |