Acedo, Miguel A.; Ruiz, Fco. Javier; Santamaría, Rafael - In: Czech Journal of Economics and Finance (Finance a uver) 58 (2008) 01-02, pp. 21-37
This paper examines the influence of secondary offerings (SOs) on the liquidity and trading activity of stocks … outstanding. The results reveal that liquidity and trading activity increase after the execution of SOs. We observe that the … structure is decisive in the level of liquidity afforded by SOs. The offering discount is one of the chosen methods of …