Matches in SemOpenAlex for { <https://semopenalex.org/work/W2278453730> ?p ?o ?g. }
- W2278453730 abstract "This study examines if the prospectus disclosure of the motives for a seasoned equity offering and the choice of the underwriter explain the long-run performance of equity issuers in the UK. Firms citing investment needs show no abnormal performance after the offering, but issuers that state general corporate purposes and recapitalisation motives underperform. Further, offerings underwritten by high-quality brokers show no evidence of post-issue abnormal returns, but issues taken public by low-quality underwriters exhibit negative abnormal performance. Together, the results suggest that the prospectus information on the intended use of offering proceeds and on the underwriter predicts post-issue stock performance." @default.
- W2278453730 created "2016-06-24" @default.
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- W2278453730 date "2014-01-01" @default.
- W2278453730 modified "2023-09-23" @default.
- W2278453730 title "Prospectus Disclosure and the Long-Run Performance of Seasoned Equity Issuers in the UK" @default.
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- W2278453730 doi "https://doi.org/10.2139/ssrn.2437983" @default.
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