Matches in SemOpenAlex for { <https://semopenalex.org/work/W2897719403> ?p ?o ?g. }
- W2897719403 endingPage "357" @default.
- W2897719403 startingPage "335" @default.
- W2897719403 abstract "This study investigates the shareholder participation and wealth transfers associated with Hong Kong (HK) open offers. Compared with the results in the US where rights offerings are unpopular, open offers as one of the common rights offerings in HK also have high wealth transfers from nonparticipating to participating shareholders and low shareholder participation. High wealth transfers and low shareholder participation are thus not the main causes of the infrequent use of rights offerings in the US. High expected wealth transfers will lead to more negative announcement returns, but this adverse effect is weaker when there is a large shareholder take-up. This study for the first time finds that three main protective instruments could reduce the wealth transfers: (i) the better underwriter certification provided by the largest shareholders, (ii) the adoption of oversubscription privilege, and (iii) the avoidance of the CEO-chairman position simultaneously held by the largest shareholders." @default.
- W2897719403 created "2018-10-26" @default.
- W2897719403 creator A5014282625 @default.
- W2897719403 creator A5056614673 @default.
- W2897719403 date "2018-12-01" @default.
- W2897719403 modified "2023-10-18" @default.
- W2897719403 title "Wealth transfers in rights offerings and the protective instruments" @default.
- W2897719403 cites W1490288128 @default.
- W2897719403 cites W1492999843 @default.
- W2897719403 cites W1500233996 @default.
- W2897719403 cites W1512688639 @default.
- W2897719403 cites W1580205108 @default.
- W2897719403 cites W1726340132 @default.
- W2897719403 cites W1951992095 @default.
- W2897719403 cites W1983281918 @default.
- W2897719403 cites W1996804713 @default.
- W2897719403 cites W1999502371 @default.
- W2897719403 cites W2003476310 @default.
- W2897719403 cites W2008511691 @default.
- W2897719403 cites W2023863838 @default.
- W2897719403 cites W2043619364 @default.
- W2897719403 cites W2046958442 @default.
- W2897719403 cites W2047199805 @default.
- W2897719403 cites W2070840772 @default.
- W2897719403 cites W2083358234 @default.
- W2897719403 cites W2085189944 @default.
- W2897719403 cites W2090268089 @default.
- W2897719403 cites W2094218890 @default.
- W2897719403 cites W2096627493 @default.
- W2897719403 cites W2105662497 @default.
- W2897719403 cites W2129548316 @default.
- W2897719403 cites W2135241016 @default.
- W2897719403 cites W2141554223 @default.
- W2897719403 cites W2154879214 @default.
- W2897719403 cites W2165940068 @default.
- W2897719403 cites W2168910548 @default.
- W2897719403 cites W2280279404 @default.
- W2897719403 cites W2745708833 @default.
- W2897719403 cites W3021889044 @default.
- W2897719403 cites W3121297842 @default.
- W2897719403 cites W3121825198 @default.
- W2897719403 cites W3122065236 @default.
- W2897719403 cites W3122651523 @default.
- W2897719403 cites W3122769798 @default.
- W2897719403 cites W3122769935 @default.
- W2897719403 cites W3122791804 @default.
- W2897719403 cites W3122805608 @default.
- W2897719403 cites W3122884346 @default.
- W2897719403 cites W3123085623 @default.
- W2897719403 cites W3123091495 @default.
- W2897719403 cites W3123384139 @default.
- W2897719403 cites W3123394183 @default.
- W2897719403 cites W3123468997 @default.
- W2897719403 cites W3123792314 @default.
- W2897719403 cites W3124363154 @default.
- W2897719403 cites W3124492308 @default.
- W2897719403 cites W3124631106 @default.
- W2897719403 cites W3124938701 @default.
- W2897719403 cites W3125517415 @default.
- W2897719403 cites W3125674988 @default.
- W2897719403 cites W3125898175 @default.
- W2897719403 doi "https://doi.org/10.1016/j.jcae.2018.10.002" @default.
- W2897719403 hasPublicationYear "2018" @default.
- W2897719403 type Work @default.
- W2897719403 sameAs 2897719403 @default.
- W2897719403 citedByCount "4" @default.
- W2897719403 countsByYear W28977194032020 @default.
- W2897719403 countsByYear W28977194032022 @default.
- W2897719403 crossrefType "journal-article" @default.
- W2897719403 hasAuthorship W2897719403A5014282625 @default.
- W2897719403 hasAuthorship W2897719403A5056614673 @default.
- W2897719403 hasConcept C10138342 @default.
- W2897719403 hasConcept C120757647 @default.
- W2897719403 hasConcept C121955636 @default.
- W2897719403 hasConcept C144133560 @default.
- W2897719403 hasConcept C162324750 @default.
- W2897719403 hasConcept C17744445 @default.
- W2897719403 hasConcept C187736073 @default.
- W2897719403 hasConcept C198082294 @default.
- W2897719403 hasConcept C199539241 @default.
- W2897719403 hasConcept C26503482 @default.
- W2897719403 hasConcept C2780138299 @default.
- W2897719403 hasConcept C39389867 @default.
- W2897719403 hasConcept C46304622 @default.
- W2897719403 hasConceptScore W2897719403C10138342 @default.
- W2897719403 hasConceptScore W2897719403C120757647 @default.
- W2897719403 hasConceptScore W2897719403C121955636 @default.
- W2897719403 hasConceptScore W2897719403C144133560 @default.
- W2897719403 hasConceptScore W2897719403C162324750 @default.
- W2897719403 hasConceptScore W2897719403C17744445 @default.
- W2897719403 hasConceptScore W2897719403C187736073 @default.
- W2897719403 hasConceptScore W2897719403C198082294 @default.
- W2897719403 hasConceptScore W2897719403C199539241 @default.
- W2897719403 hasConceptScore W2897719403C26503482 @default.
- W2897719403 hasConceptScore W2897719403C2780138299 @default.
- W2897719403 hasConceptScore W2897719403C39389867 @default.
- W2897719403 hasConceptScore W2897719403C46304622 @default.
- W2897719403 hasIssue "3" @default.