LOT WINNING RATE AND THE CLASSIFICATION OF SEASONED EQUITY OFFERINGS: EVIDENCE FROM TAIWAN

Han-Ching Huang and Hsiu-Hsin Chiu

The International Journal of Business and Finance Research, 2016, vol. 10, issue 3, 75-81

Abstract: This paper classifies two types of improved Season equity offerings (SEO) and regular SEO to investigate whether there are differential cumulative abnormal returns (CARs) around the announcement date of SEO in Taiwan. We find that regular SEO experiences negative CAR whereas improved SEO receive positive CAR during announcement period. The performance of regular SEO with large size firms and high B/M ratio is worse than that of improved SEO with small size firms and low B/M ratio

Keywords: Seasoned Equity Offering (SEO); Regular SEO; Improved SEO (search for similar items in EconPapers)
JEL-codes: G14 G32 (search for similar items in EconPapers)
Date: 2016
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.theibfr2.com/RePEc/ibf/ijbfre/ijbfr-v10n3-2016/IJBFR-V10N3-2016-7.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ibf:ijbfre:v:10:y:2016:i:3:p:75-81

Access Statistics for this article

The International Journal of Business and Finance Research is currently edited by Terrance Jalbert

More articles in The International Journal of Business and Finance Research from The Institute for Business and Finance Research
Bibliographic data for series maintained by Mercedes Jalbert ( this e-mail address is bad, please contact ).