This essay surveys the extant literature and adds to the empirical evidence on issuance
activity, flotation costs, and valuation effects of security offerings. We focus primarily on …

Mandatory shareholder approval of equity issuances varies across and within countries.
When shareholders approve issuances, average announcement returns are positive. When …

Seasoned equity offerings (SEOs) executed through accelerated underwritings have
recently seen significant increases in global market share, and now account for a majority of …

This paper examines whether the stock market valuation impact is consistent with
subsequent operating performance of firms. We use data for equity rights offerings—the …

This paper examines the long‐term stock performance of French SEO with rights by looking
at the intended use of the proceeds. Firms that raise equity for pure capital structure motives …

The objective of this paper is to analyze how firms can enhance stock market liquidity
around new equity offerings by increasing the level of disclosure on their intangible assets …

This study examines the impact of political connections on seasoned equity offerings. Using
seasoned equity offerings (SEOs) from 2001 to 2018 in the USA, we find that politically …

By taking a longer period (1998-2008) this study examines the stock price reaction to the
announcement of different equity issues in China. Initially, the study documents the …

Abstract Using South Korean data for 2000–2015, we find that firms with less information
asymmetry and larger issue size are more likely to choose rights issues over public offerings …