The Effect of Short Sales Constraints on SEO Pricing
This article examines the influence of SEC’s Rule 105, Regulation M on the information environment 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 trading for offers with private ad...
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| Main Authors: | , , |
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| Format: | text |
| Language: | English |
| Published: |
Institutional Knowledge at Singapore Management University
2006
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| Subjects: | |
| Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/716 |
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| Institution: | Singapore Management University |
| Language: | English |