Showing 131 - 140 of 787,804
Persistent link: https://www.econbiz.de/10012793103
Persistent link: https://www.econbiz.de/10011453232
We show competition between underwriters even when fees are clustered. We study accelerated seasoned equity offerings (SEOs), which are now the predominant form of public SEO in the U.S., Canada, and Europe. Underwriters compete by establishing capacity sufficient to allow them to maintain close...
Persistent link: https://www.econbiz.de/10013090328
Persistent link: https://www.econbiz.de/10014632230
because expected future cash-flow growth varies with the discount rates. The traditional Macaulay duration captures the effect … from the discount-rate channel. I propose a novel duration measure, the effective equity duration, to capture the effects … is hump-shaped because expected future cash flow growth increases with the discount rates. The effective equity duration …
Persistent link: https://www.econbiz.de/10012851441
Persistent link: https://www.econbiz.de/10001715361
We examine the impact of blockholding on shareholders' wealth in equity offerings in China. We find that investors generally react negatively to equity-offering announcements by firms with high blockholding. A one-standard-deviation (12%) increase in blockholding leads to a 0.59% reduction in...
Persistent link: https://www.econbiz.de/10013091919
Persistent link: https://www.econbiz.de/10009793060
Persistent link: https://www.econbiz.de/10009741900
Persistent link: https://www.econbiz.de/10009746517