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The choice between rights offerings and private equity placements

Citations

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Cited by:

  1. Massa, Massimo & Mataigne, Virginie & Vermaelen, Theo & Xu, Moqi, 2017. "Choices in Equity Finance A Global Perspective," CEPR Discussion Papers 11987, C.E.P.R. Discussion Papers.
  2. Paul P. Momtaz, 2023. "The economics of PIPEs, revisited," Small Business Economics, Springer, vol. 60(1), pages 59-83, January.
  3. Sazali Abidin & Krishna Reddy & Liehui Chen, 2012. "Determinants of ownership structure and performance of seasoned equity offerings," International Journal of Managerial Finance, Emerald Group Publishing Limited, vol. 8(4), pages 304-331, September.
  4. Anjos, Fernando, 2010. "Investment commitment and the valuation of underwriting agreements for rights issues," Finance Research Letters, Elsevier, vol. 7(4), pages 202-213, December.
  5. Dahiya, Sandeep & Klapper, Leora & Parthasarathy, Harini & Singer, Dorothe, 2013. "The role of private equity investments in public firms : international evidence," Policy Research Working Paper Series 6484, The World Bank.
  6. Liang, Hsiao-Chen & Jang, Woan-Yuh, 2013. "Information asymmetry and monitoring in equity private placements," The Quarterly Review of Economics and Finance, Elsevier, vol. 53(4), pages 460-475.
  7. repec:dau:papers:123456789/3035 is not listed on IDEAS
  8. Han, Jianlei & Pan, Zheyao & Zhang, Guangli, 2017. "Divergence of opinion and long-run performance of private placements: evidence from the auction market," Working Papers 2017-09, University of Tasmania, Tasmanian School of Business and Economics.
  9. Adrian Melia & Paul Docherty & Steve Easton, 2020. "The impact of regulation on the seasoned equity offering decision," Australian Journal of Management, Australian School of Business, vol. 45(1), pages 94-113, February.
  10. Pradip Banerjee & Soumya Guha Deb, 2015. "The Choice between QIP and Rights Issue: Evidence from India," Global Business Review, International Management Institute, vol. 16(5_suppl), pages 155-174, October.
  11. Au Yong, Hue Hwa & Brown, Christine & Ho, Choy Yeing (Chloe) & Shekhar, Chander, 2024. "Equity in capital raising? Empirical evidence from structured private placements," Journal of Banking & Finance, Elsevier, vol. 159(C).
  12. Laetitia Lepetit & Amine Tarazi & Nadia Zedek, 2012. "Ultimate Ownership Structure and Bank Regulatory Capital Adjustment: Evidence from European Commercial Banks," Working Papers hal-00918579, HAL.
  13. Lewis, Craig M. & Verwijmeren, Patrick, 2011. "Convertible security design and contract innovation," Journal of Corporate Finance, Elsevier, vol. 17(4), pages 809-831, September.
  14. Lee, Chin-Chong & Poon, Wai-Ching, 2018. "Wealth transfers in rights offerings and the protective instruments," Journal of Contemporary Accounting and Economics, Elsevier, vol. 14(3), pages 335-357.
  15. Ricardo Gonçalves, 2023. "Backward Partial Vertical Integration Through Private Placement," Journal of Industry, Competition and Trade, Springer, vol. 23(3), pages 101-122, December.
  16. Seth Armitage, 2010. "Block Buying and Choice of Issue Method in UK Seasoned Equity Offers," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(3-4), pages 422-448.
  17. Hue Hwa Au Yong & Christine Brown & Choy Yeing (Chloe) Ho & Chander Shekhar, 2021. "Rights issues: Retail shareholders and their participation decisions," International Review of Finance, International Review of Finance Ltd., vol. 21(3), pages 917-944, September.
  18. Mike Burkart & Hongda Zhong, 2023. "Equity Issuance Methods and Dilution," The Review of Corporate Finance Studies, Society for Financial Studies, vol. 12(1), pages 78-130.
  19. Giannetti, Mariassunta & Laeven, Luc, 2007. "Pension Reform, Ownership Structure, and Corporate Governance: Evidence from Sweden," CEPR Discussion Papers 6489, C.E.P.R. Discussion Papers.
  20. Anderson, Christopher W. & Huang, Jian, 2017. "Institutional investment in IPOs and post-IPO M&A activity," Journal of Empirical Finance, Elsevier, vol. 41(C), pages 1-18.
  21. Angelo Aspris & Edward Bi & Sean Foley & Jiri Svec, 2024. "Crisis Capital: Private Placements During COVID‐19," Abacus, Accounting Foundation, University of Sydney, vol. 60(3), pages 607-626, September.
  22. repec:dau:papers:123456789/4430 is not listed on IDEAS
  23. Massimo Massa & Theo Vermaelen & Moqi Xu, 2013. "Rights offerings, trading, and regulation: A global perspective," FMG Discussion Papers dp727, Financial Markets Group.
  24. Huang, Yong & Uchida, Konari & Yu, Xuanying & Zha, Daolin, 2021. "Market timing in private equity placements: Empirical evidence from China," Pacific-Basin Finance Journal, Elsevier, vol. 69(C).
  25. Anjali Tuli, 2016. "Firms’ Choice of Seasoned Equity Issuance Method—Taking Private or Non-private Route," Global Business Review, International Management Institute, vol. 17(2), pages 400-410, April.
  26. Dirk Engel & Joel Stiebale, 2014. "Private equity, investment and financial constraints: firm-level evidence for France and the United Kingdom," Small Business Economics, Springer, vol. 43(1), pages 197-212, June.
  27. Jia, Gang & Li, Wanli & Zhang, He, 2019. "Impact of entrenched ultimate owners’ self-dealing on SEO methods choice and discounts of private placements––Evidence from listed companies in China," Emerging Markets Review, Elsevier, vol. 38(C), pages 404-422.
  28. Foley, Sean & Kwan, Amy & Low, Siyuan Adrian & Svec, Jiri, 2018. "The rise before the close: Underwriter trading around SEOs," Journal of Empirical Finance, Elsevier, vol. 48(C), pages 221-235.
  29. Suichen Xu & Janice How & Peter Verhoeven & Tom Smith, 2017. "Corporate governance and private placement issuance in Australia," Accounting and Finance, Accounting and Finance Association of Australia and New Zealand, vol. 57(3), pages 907-933, September.
  30. Nils Bobenhausen & Wolfgang Breuer & Astrid Salzmann, 2020. "Determinants of discounts in equity rights issues: An international comparison," Review of Financial Economics, John Wiley & Sons, vol. 38(2), pages 300-320, April.
  31. Dang, Man & Puwanenthiren, Premkanth & Truong, Cameron & Henry, Darren & Vo, Xuan Vinh, 2022. "Audit quality and seasoned equity offerings methods," International Review of Financial Analysis, Elsevier, vol. 83(C).
  32. Laetitia Lepetit & Amine Tarazi & Nadia Zedek, 2012. "Bank Regulatory Capital Adjustment and Ultimate Ownership Structure: Evidence from European Commercial Banks," Working Papers hal-00918577, HAL.
  33. Seth Armitage & Dionysia Dionysiou & Angelica Gonzalez, 2014. "Are the Discounts in Seasoned Equity Offers Due to Inelastic Demand?," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 41(5-6), pages 743-772, June.
  34. Wruck, Karen H. & Wu, YiLin, 2009. "Relationships, corporate governance, and performance: Evidence from private placements of common stock," Journal of Corporate Finance, Elsevier, vol. 15(1), pages 30-47, February.
  35. Gustafson, Matthew T. & Iliev, Peter, 2017. "The effects of removing barriers to equity issuance," Journal of Financial Economics, Elsevier, vol. 124(3), pages 580-598.
  36. Dewi Ratih S.E. & M.S.M., 2023. "What Information Implied in the Equity Offering Mechanism with Market Timing Considerations?," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 17-32.
  37. Jetley, Gaurav & Mondal, Shamim S., 2015. "Rights issues and creeping acquisitions in India," Emerging Markets Review, Elsevier, vol. 23(C), pages 68-95.
  38. Ohannes George Paskelian & Stephen Bell, 2010. "The market and operating performance of Chinese seasoned equity offerings," Applied Financial Economics, Taylor & Francis Journals, vol. 20(8), pages 649-657.
  39. Kim, Woojin & Ko, YoungKyung & Wang, Shu-Feng, 2019. "Debt restructuring through equity issues," Journal of Banking & Finance, Elsevier, vol. 106(C), pages 341-356.
  40. Mehdi Nekhili & Moêz Cherif, 2011. "Related parties transactions and firm's market value: the French case," Review of Accounting and Finance, Emerald Group Publishing Limited, vol. 10(3), pages 291-315, August.
  41. Cheung, William & Lam, Keith S.K. & Tam, Lewis H.K., 2012. "Blockholding and market reactions to equity offerings in China," Pacific-Basin Finance Journal, Elsevier, vol. 20(3), pages 459-482.
  42. Lepetit, Laetitia & Saghi-Zedek, Nadia & Tarazi, Amine, 2015. "Excess control rights, bank capital structure adjustments, and lending," Journal of Financial Economics, Elsevier, vol. 115(3), pages 574-591.
  43. Cai, Yuxin & Lyu, Huaili & Peng, Meng, 2024. "The role of sponsor representatives in SEO underpricing: Evidence from China," International Review of Economics & Finance, Elsevier, vol. 89(PB), pages 30-45.
  44. Ronald W. Masulis & Peter K. Pham & Jason Zein, 2020. "Family Business Group Expansion Through IPOs: The Role of Internal Capital Markets in Financing Growth While Preserving Control," Management Science, INFORMS, vol. 66(11), pages 5191-5215, November.
  45. Gao, Xuechen & Hsu, Yuan-Teng & Wang, Xuewu (Wesley) & Yuan, Weici, 2022. "The choice of flotation methods: Evidence from Chinese seasoned equity offerings," Journal of International Money and Finance, Elsevier, vol. 129(C).
  46. Jeppsson, Hans, 2018. "Initial public offerings, subscription precommitments and venture capital participation," Journal of Corporate Finance, Elsevier, vol. 50(C), pages 650-668.
  47. Holderness, Clifford G. & Pontiff, Jeffrey, 2016. "Shareholder nonparticipation in valuable rights offerings: New findings for an old puzzle," Journal of Financial Economics, Elsevier, vol. 120(2), pages 252-268.
  48. Shiheng Wang & Michael Welker, 2011. "Timing Equity Issuance in Response to Information Asymmetry Arising from IFRS Adoption in Australia and Europe," Journal of Accounting Research, John Wiley & Sons, Ltd., vol. 49(1), pages 257-307, March.
  49. Tong, Wilson H.S. & Yu, Wayne W., 2012. "A corporate governance explanation of the A-B share discount in China," Journal of International Money and Finance, Elsevier, vol. 31(2), pages 125-147.
  50. Henrik Cronqvist & Fredrik Heyman & Mattias Nilsson & Helena Svaleryd & Jonas Vlachos, 2009. "Do Entrenched Managers Pay Their Workers More?," Journal of Finance, American Finance Association, vol. 64(1), pages 309-339, February.
  51. Holderness, Clifford G., 2018. "Equity issuances and agency costs: The telling story of shareholder approval around the world," Journal of Financial Economics, Elsevier, vol. 129(3), pages 415-439.
  52. Elizabeth Maynes & J. Ari Pandes, 2011. "The Wealth Effects of Reducing Private Placement Resale Restrictions," European Financial Management, European Financial Management Association, vol. 17(3), pages 500-531, June.
  53. Bipin Sony & Saumitra Bhadurib, 2020. "Information asymmetry and the choice between rights issue and private placement of equity," BASE University Working Papers 01/2020, BASE University, Bengaluru, India.
  54. Svein olav Krakstad & Peter Molnar, 2015. "Characteristics of Norwegian Rights Issues," Economics Bulletin, AccessEcon, vol. 35(1), pages 764-773.
  55. Balachandran, Balasingham & Faff, Robert & Theobald, Michael, 2008. "Rights offerings, takeup, renounceability, and underwriting status," Journal of Financial Economics, Elsevier, vol. 89(2), pages 328-346, August.
  56. Svein olav Krakstad, 2013. "Timing Differences between SEO Methods," Economics Bulletin, AccessEcon, vol. 33(4), pages 3070-3079.
  57. Fried, Jesse M. & Spamann, Holger, 2020. "Cheap-stock tunneling around preemptive rights," Journal of Financial Economics, Elsevier, vol. 137(2), pages 353-370.
  58. repec:dau:papers:123456789/2939 is not listed on IDEAS
  59. SU Chenchen, 2022. "Tunneling Through Private Equity Placements: Evidence From Japan," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 238-255, April.
  60. B. Espen Eckbo, 2008. "Equity Issues and the Disappearing Rights Offer Phenomenon," Journal of Applied Corporate Finance, Morgan Stanley, vol. 20(4), pages 72-85, September.
  61. Melia, Adrian & Chan, Howard & Docherty, Paul & Easton, Steve, 2018. "Explanations of cycles in seasoned equity offerings: An examination of the choice between rights issues and private placements," Pacific-Basin Finance Journal, Elsevier, vol. 50(C), pages 16-25.
  62. Consuelo Riano & Fco. Javier Ruiz & Rafael Santamaria, 2007. "Determinants of the underpricing of new shares during the subscription period: empirical evidence from the Spanish stock exchange," Applied Financial Economics, Taylor & Francis Journals, vol. 17(7), pages 521-540.
  63. Puwanenthiren, Premkanth & Dang, Man & Henry, Darren & Puwanenthiren, Pratheepkanth & Al Mamun, Md., 2019. "Does managerial ability matter for the choice of seasoned equity offerings?," The North American Journal of Economics and Finance, Elsevier, vol. 47(C), pages 442-460.
  64. Seth Armitage, 2010. "Block Buying and Choice of Issue Method in UK Seasoned Equity Offers," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 37(3‐4), pages 422-448, April.
  65. Lee, Chin-Chong & Poon, Wai-Ching & Sinnakkannu, Jothee, 2014. "Why are rights offers in Hong Kong so different?," Pacific-Basin Finance Journal, Elsevier, vol. 26(C), pages 176-197.
  66. Dahiya, Sandeep & Klapper, Leora & Parthasarathy, Harini & Singer, Dorothe, 2017. "Equity raising by Asian firms: Choosing between PIPEs and SEOs," Journal of Corporate Finance, Elsevier, vol. 45(C), pages 64-83.
  67. Edith Ginglinger & Laure Matsoukis & Fabrice Riva, 2013. "Seasoned Equity Offerings: Stock Market Liquidity and the Rights Offer Paradox," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 40(1-2), pages 215-238, January.
  68. Lim, Jongha & Schwert, Michael & Weisbach, Michael S., 2021. "The economics of PIPEs," Journal of Financial Intermediation, Elsevier, vol. 45(C).
  69. Bortolotti, Bernardo & Megginson, William & Smart, Scott B., 2007. "The Rise of Accelerated Seasoned Equity Underwritings," Privatisation Regulation Corporate Governance Working Papers 12190, Fondazione Eni Enrico Mattei (FEEM).
  70. Balasingham Balachandran & Sutharson Kanapathippillai & Chandrasekhar Krishnamurti & Michael Theobald & Eswaran Velayutham, 2017. "The issuance of warrants in rights offerings: Agency costs and signaling effects," Australian Journal of Management, Australian School of Business, vol. 42(4), pages 608-636, November.
  71. Zhao, Yu Fang & Xia, Xin Ping & Tang, Xiang Xi & Cao, Wei & Liu, Xiao Yuan & Fan, Ying Han, 2015. "Private placements, cash dividends and interests transfer: Empirical evidence from Chinese listed firms," International Review of Economics & Finance, Elsevier, vol. 36(C), pages 107-118.
  72. repec:dau:papers:123456789/10852 is not listed on IDEAS
  73. Loureiro, Gilberto, 2010. "The reputation of underwriters: A test of the bonding hypothesis," Journal of Corporate Finance, Elsevier, vol. 16(4), pages 516-532, September.
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