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- W3125305111 endingPage "131" @default.
- W3125305111 startingPage "77" @default.
- W3125305111 abstract "Abstract We use meta‐analysis to review studies on announcement effects associated with seasoned equity offerings. Our sample includes 199 studies from 38 leading finance journals and Social Sciences Research Network working papers. The studies cover different countries, but the US is particularly well‐represented with 131 studies. We find a statistically significant mean cumulative abnormal return of −0.98%. Abnormal returns are more negative for equity issues by US companies and for non‐US rights issues and are less negative for private placements. In addition, wealth effects are more negative when the proceeds are used for debt reduction, when the SEO is issued shortly after IPO, and for issues by nondividend‐paying companies and industrial companies. We identify important avenues for future research." @default.
- W3125305111 created "2021-02-01" @default.
- W3125305111 creator A5002451583 @default.
- W3125305111 creator A5042946163 @default.
- W3125305111 creator A5047762113 @default.
- W3125305111 date "2018-07-13" @default.
- W3125305111 modified "2023-09-30" @default.
- W3125305111 title "Wealth Effects of Seasoned Equity Offerings: A Meta‐Analysis" @default.
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