New Insights into Rights Offerings as Signals of Firm Quality: Evidence from Australia
Australian companies can choose among three different types of rights offerings: full standby (also known as "fully underwritten"); uninsured (or "non-underwritten"); and partial standby ("partly underwritten"). At the same time, each of these three kinds of rights offerings can be either renounceable or non-renounceable, with the former providing securities that can be sold while in the latter case the rights are forfeited if not exercised. Copyright Copyright (c) 2009 Morgan Stanley.
Volume (Year): 21 (2009)
Issue (Month): 3 ()
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