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Lot Winning Rate And The Classification Of Seasoned Equity Offerings: Evidence From Taiwan

Author

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  • Han-Ching Huang
  • Hsiu-Hsin Chiu

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

Suggested Citation

  • Han-Ching Huang & Hsiu-Hsin Chiu, 2016. "Lot Winning Rate And The Classification Of Seasoned Equity Offerings: Evidence From Taiwan," The International Journal of Business and Finance Research, The Institute for Business and Finance Research, vol. 10(3), pages 75-81.
    • Handle: RePEc:ibf:ijbfre:v:10:y:2016:i:3:p:75-81
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    More about this item

    Keywords

    Seasoned Equity Offering (SEO); Regular SEO; Improved SEO;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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