Does market misvaluation help explain share market long-run underperformance following a seasoned equity issue?

We examine the relation between pre‐seasoned equity offering (SEO) announcement date misvaluation and long‐run post‐SEO performance for a large sample of Australian SEOs made between 1993 and 2001. Our study is motivated by inconsistent findings across countries with respect to the SEO long‐run unde...

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Veröffentlicht in:	Accounting and finance (Parkville) 2006-06, Vol.46 (2), p.191-219
Hauptverfasser:	Brown, Philip, Gallery, Gerry, Goei, Olivia
Format:	Artikel
Sprache:	eng
Schlagworte:	Australian Stock Exchange Econometrics G10 G14 Long-run underperformance Portfolio management Portfolio performance Prices Private placement Residual income valuation Seasoned equity offerings Shares Stock exchanges Stock offerings Studies Valuation Valuation methods
Online-Zugang:	Volltext
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