The paper analyses how the returns to a shareholder and the returns for an event study are calculated during the three types of seasoned equity offer in use in the UK, namely rights issues, open offers and placings. The calculations differ across the two types of return and the three types of...

This study seeks to understand how executive director heterogeneity affects the performance of US banks. To measure the expected performance effects linked to director heterogeneity, we compute changes in the market valuation of banks linked to announcements of executive director appointments....