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Seasoned equity offerings and differences in share-price impact by firm categories

Abdullah, Saeed Md.; Zaby, Simon - In: International Journal of Financial Studies : open … 9 (2021) 3, pp. 1-10

The seasoned equity offering (SEO) market plays a significant role in the economic development of a country by providing liquidity for ongoing commercialization and innovation. This study is a comprehensive analysis of 149 SEOs and their effect on share prices in Thailand between 2009 and 2019....

Persistent link: https://www.econbiz.de/10012588088

The methodology matters : what influences market reaction, and post-issue returns in seasoned equity offerings?

Krishnan, C. N. V.; Wu, Minghao - In: Journal of risk and financial management : JRFM 15 (2022) 10, pp. 1-18

Using a large database of U.S. seasoned equity offering (SEO) announcements from 2010 to 2015, we examine the effects of several explanatory variables-firm specific, macroeconomic, fixed income, and stock market variables-on the announcement period abnormal stock returns and on the longer-run...

Persistent link: https://www.econbiz.de/10013471147

Search for yield in large international corporate bonds : investor behavior and firm responses

Calomiris, Charles W.; Larraín, Mauricio; Schmukler, … - 2019

Emerging market corporations have significantly increased their borrowing in international markets since 2008. This paper shows that this increase was driven by large-denomination bond issuances, most of them with face value of USD 500 million. Large issuances are eligible for inclusion in...

Persistent link: https://www.econbiz.de/10012051937

How Firms Use Domestic and International Corporate Bond Markets

Gozzi, Juan Carlos; Levine, Ross; Martínez Pería, … - 2013

This paper provides the first comprehensive documentation of how firms use domestic and international corporate bond markets. Debt issues in domestic and international markets have different characteristics, not explained by differences across firms or countries. International issues tend to be...

Persistent link: https://www.econbiz.de/10012557091

Patterns of International Capital Raisings

Gozzi, Juan Carlos; Levine, Ross; Schmukler, Sergio L. - 2012

This paper documents several new patterns associated with firms issuing securities in foreign markets that motivate the need for and help guide future research. Besides noting that these international capital raisings grew almost four-fold from 1991 to 2005, accounting for 35 percent of all...

Persistent link: https://www.econbiz.de/10012552479

The rise of domestic capital markets for corporate financing

Abraham, Facundo; Cortina, Juan J.; Schmukler, Sergio L. - 2019

During the past decades, firms from emerging economies have significantly increased the amount of financing obtained in capital markets. Whereas the literature argues that international markets have been an important contributor to this process, the role of domestic markets is mostly unknown. By...

Persistent link: https://www.econbiz.de/10012022363

On the diversification of fixed income assets

Le Courtois, Olivier - In: Risks : open access journal 10 (2022) 2, pp. 1-21

This article introduces a new approach for dealing with the diversification/concentration risk of fixed income assets …

Persistent link: https://www.econbiz.de/10012806470

Bond issuance as reputational signal : debunking the negative perception of additional liability

Sheng, Dachen; Montgomery, Heather A. - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-19

This paper examines the determinants of bond issuance in the Chinese market and the influence of capital structure-in particular direct debt finance-on firm performance and the cost of debt. The results reveal that institutional factors in the Chinese market, in particular the involvement of the...

Persistent link: https://www.econbiz.de/10014484204

Debt maturity of different types of debt

Lim, Yuree - In: Cogent economics & finance 12 (2024) 1, pp. 1-17

securities. Also, this research finds that different types of debt are explained differently by existing debt maturity theory …

Persistent link: https://www.econbiz.de/10015393857

Are strategies for international diversification by country, industry and region equivalent?

Ghilal, Rachid; Marhfor, Ahmed; MacZali, Bouchra; … - In: ACRN journal of finance and risk perspectives 10 (2021), pp. 204-221

In this study, we examine whether international portfolio diversification still matters despite an increase in the … does not necessarily imply a reduction in the benefits of international portfolio diversification. We also propose to … compare empirically two traditional strategies of international diversification (by country and industry) in addition to a new …

Persistent link: https://www.econbiz.de/10013198306