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...
| Main Authors: | , , |
|---|---|
| Format: | |
| Language: | English |
| Published: |
2003
|
| Online Access: | http://ezproxy.villanova.edu/login?url=https://digital.library.villanova.edu/Item/vudl:177111 |