Ho, Chia-Cheng; Lee, Chin-Chuan; Lin, Chien-Ting; Wang, … - In: Review of Pacific Basin Financial Markets and Policies … 08 (2005) 01, pp. 31-51
Using data from the Taiwanese stock market, an emerging market, this paper documents positive changes in liquidity and volatility around seasoned equity offerings (SEOs). These findings are consistent with the uncertain signal hypothesis that investors with diverse views on the information...
