A Re-Examination of Price Pressure Around Seasoned Equity Offerings

2005 ◽  
Author(s):  
Danny Meidan
Keyword(s):  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
Price Pressure

Price Pressure and Overnight Seasoned Equity Offerings

2018 ◽  
Vol 53 (2) ◽  
pp. 837-866 ◽  
Author(s):  
Matthew T. Gustafson
Keyword(s):  
Stock Price ◽  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
Price Pressure ◽  
Price Decline ◽  
Issue Selling

Between 2009 and 2014, 75% of seasoned equity offerings (SEOs) were announced and issued overnight, compared to 27% between 2000 and 2008. Overnight issuers obtain a higher SEO offer price because they experience more favorable pre-offer returns. Consistent with these favorable returns being due to the avoidance of pre-issue selling pressure, non-overnight issuers experience a 2.5% pre-issue stock-price decline that reverses within 7 days. This post-issue reversal is increasing in SEO offer size and bigger following large pre-issue price declines. In contrast, returns following overnight offerings are less positive and unrelated to SEO offer size or pre-issue returns.

The Differential Attributes of Information Asymmetry and Accrual Quality on the Seasoned Equity Offerings

2020 ◽  
Vol 29 (1) ◽  
pp. 163-200
Author(s):  
Mi Suk Kim ◽  
Hark Ppin Yhim
Keyword(s):  
Information Asymmetry ◽  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
Accrual Quality

Seasoned Equity Offerings, Corporate Governance, and Investments

CFA Digest ◽  
2014 ◽  
Vol 44 (10) ◽  
Author(s):  
Gregory G. Gocek
Keyword(s):  
Corporate Governance ◽  
Seasoned Equity Offerings ◽  
Equity Offerings

Institutional Holdings and Seasoned Equity Offerings

2008 ◽  
Author(s):  
Huasheng Gao ◽  
Hamed Mahmudi
Keyword(s):  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
Institutional Holdings

Winning by Losing: How CEO Wealth Changes Around Seasoned Equity Offerings

2008 ◽  
Author(s):  
Yi Jiang ◽  
Yilei Zhang
Keyword(s):  
Seasoned Equity Offerings ◽  
Equity Offerings

Is the Demand Curve for Stocks Downward-Sloping? New Evidence from Seasoned Equity Offerings

2009 ◽  
Author(s):  
Zhangkai Huang ◽  
Longkai Zhao ◽  
Xiaoyuan Mao
Keyword(s):  
Demand Curve ◽  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
New Evidence

Market Reaction, Revised Proceeds, and the Classification of Seasoned Equity Offerings

2011 ◽  
Author(s):  
Konan Chan ◽  
Nandkumar Nayar ◽  
Ajai K. Singh ◽  
Wen Yu
Keyword(s):  
Market Reaction ◽  
Seasoned Equity Offerings ◽  
Equity Offerings

The Impact of the 2005 Securities Offering Reform on Voluntary Disclosure Before Seasoned Equity Offerings

2012 ◽  
Author(s):  
Nemit Shroff ◽  
Amy X. Sun ◽  
Hal D. White ◽  
Weining Zhang
Keyword(s):  
Voluntary Disclosure ◽  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
The Impact

Lockup Agreements in Seasoned Equity Offerings: Evidence of Optimal Contracting

2012 ◽  
Author(s):  
Jonathan M. Karpoff ◽  
Gemma Lee ◽  
Ronald W. Masulis
Keyword(s):  
Seasoned Equity Offerings ◽  
Equity Offerings ◽  
Optimal Contracting
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