| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 1003260 | Research in International Business and Finance | 2007 | 14 Pages |
Abstract
This paper examines the stock market reaction to the announcements of rights offerings of listed companies in China. The evidence suggests that the market reacts negatively around the announcement, but positively during the post-announcement period. Moreover, investors respond positively to the increase in debt and ROE after rights offerings. Surprisingly, a higher legal person subscription ratio of right offering did not improve the firm's performance in the long run.
Related Topics
Social Sciences and Humanities
Business, Management and Accounting
Business and International Management
Authors
Chao Chen, Xiao Chen,