Private Placement of Common Equity and Earnings Expectations

Private Placement of Common Equity and Earnings Expectations

Earnings forecast revisions by analysts subsequent to the announcement of private equity placements are examined. Results show that analysts make significant upward revisions to their forecasts for current-year earnings. Furthermore, these forecast revisions are significantly related to announcement...

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Bibliographic Details
Main Authors: GOH, Jeremy C., Gombola, Michael, LEE, Hai Wei, LIU, Feng Ying
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 1999
Subjects:
equity offerings
private placements
earnings forecast
information signalling
Business
Corporate Finance
Portfolio and Security Analysis
Online Access:https://ink.library.smu.edu.sg/lkcsb_research/2201
https://ink.library.smu.edu.sg/context/lkcsb_research/article/3200/viewcontent/j.1540_6288.1999.tb00460.x.pdf
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Institution: Singapore Management University
Language: English

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