In this paper we analyse the performance of fixed interest managed funds. We examine five measurement models across three risk-free proxies, nine benchmarks (covering conditional and unconditional as well as single and multi factor definitions) over two independent periods in an effort to...

This study will show that firms issuing seasoned equity have unique beta characteristics and that the beta itself has a very strong impact on the extent of post-issue underperformance. We develop a benchmark that accounts for such unique characteristic, and will subsequently measure the extent...

This paper uses Australian data to show that the long run underperformance of seasoned equity offerings is related to the definition of 'long-run'. We demonstrate that following the period delimited by other writers as the long run, issuing firms turn around in their performance and in fact...