Economic influence on rights issue announcement behavior in Malaysia
The negative announcement period return for seasoned equity issues in several developed share markets has been explained as an adverse selection effect to information asymmetry between managers and investors during the expansionary phases of share market cycles. This paper reports a significant posi...
| Published in: | Pacific Basin Finance Journal |
|---|---|
| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Elsevier
1999
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| Online Access: | https://www.scopus.com/inward/record.uri?eid=2-s2.0-0010978036&doi=10.1016%2fs0927-538x%2899%2900010-4&partnerID=40&md5=a02bcc88b3f100b6dde82fc23b3b5049 |