Short Sales Contraints, Information Content of Stock Prices, and Seo Pricing
This article examines the influence of SEC’s Rule 105, Regulation M, on informed trading and the information content of stock price surrounding the offer day of a seasoned equity offering (SEO). The results of this study show that the constraints on short sales imposed by the Rule inhibit informed t...
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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2006
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/715 |
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Institution: | Singapore Management University |
Language: | English |
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