haku: @author Hess, A. C. / yhteensä: 3
viite: 2 / 3
| Tekijä: | Hess, A. C. Bhagat, S. |
| Otsikko: | Size effects of seasoned stock issues : empirical evidence. |
| Lehti: | Journal of Business
1986 : OCT, VOL. 59:4, part 1, p. 567-584 |
| Asiasana: | STOCK MARKETS REGRESSION ANALYSIS SAMPLING |
| Kieli: | eng |
| Tiivistelmä: | Estimates of cross-sectional relations between relative issue size and abnormal returns for several periods surrounding the announcement and issue days of seasoned stock offerings are reported. For utility issues share prices decline significantly in the preannouncement, announcement and postannouncement periods. Sample selection criteria are described. It is suggested that new issue-related price falls are the largest for combination industrial issues and smallest for utilities,that they start before the announcement day for utilities and that they continue into the postannouncement period for utilities and combination *industrials and into the postoffering period for combination *industrials. |
SCIMA