Besley, Scott; Kohers, Ninon; Steigner, Tanja - In: Applied Financial Economics 17 (2007) 7, pp. 559-568
This study examines the intra-industry signalling effects of private equity issue announcements. The results show that the average industry reaction to a private equity announcement is negative. However, evidence of a contagion effect also exists. Specifically, the competitive response among...