Information risk and underwriter switching in SEOs: Evidence from China

• المؤلفون الرئيسيون: LUO, Wei, RAO, Pingui, YUE, Heng
• التنسيق: text
• اللغة: English
• منشور في: Institutional Knowledge at Singapore Management University 2010
• الموضوعات: information risk; underwriter reputation; underwriter switching; state ownership; seasoned equity offerings; Information Security; Management Information Systems
• الوصول للمادة أونلاين: https://ink.library.smu.edu.sg/soa_research/1582; https://ink.library.smu.edu.sg/context/soa_research/article/2609/viewcontent/Luo_et_al_2010_Journal_of_Business_Finance___Accounting__1_.pdf
• المؤسسة: Singapore Management University

In this paper we examine whether information risk affects underwriter switching in a seasoned equity offering (SEO) process. Building on previous research, we hypothesize that SEO firms and underwriters associate with one another by mutual choice, and firms with a low degree of information risk tend...