An Analysis of Closed-End Fund Seasoned Equity Offerings.

We examine the stock price reaction to seasoned equity offerings (SEOs) of closed-end funds and the determinants of the issuance decision. We find that sample funds have negative and significant average announcement-day returns that are less than the returns associated with industrial firm SEOs, mos...

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Bibliographic Details
Main Authors: Higgins, Eric James., Howton, Shawn., Howton, Shelly.
Format: Villanova Faculty Authorship
Published: 2003
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