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

This paper aims to analyze the market reactions on corporate actions in the form of split-up,
reverse split, right issue, and mergers and acquisitions in growing and non-growing energy …

We exploit the mandatory adoption of International Financial Reporting Standards (IFRS) as
a source of exogenous shock to the corporate financial information environment to study the …

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 …

We provide evidence on optional stock dividends, a mechanism that allows shareholders to
choose between cash dividends and the equivalent number of new shares in lieu of cash …

This study examines stock market reaction to the announcement of various forms of
seasoned issues in China. Our empirical evidence demonstrates that market reactions differ …

We examine the potential for IFRS to influence the market for SEOs in the UK and France.
The divergence between the UK domestic accounting standards and IFRS is minor (low …

We use meta‐analysis to review studies on announcement effects associated with seasoned
equity offerings. Our sample includes 199 studies from 38 leading finance journals and …

A recent innovation in the equity markets is the introduction of market maker services
procured by the listed companies themselves. Using data from the Oslo Stock Exchange, we …

Purpose This paper aims to analyse the causes and impact of the significant mean price
discounts (25 per cent for financial and 29 per cent for non-financial firms) in rights issues in …