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Comment on 'earnings management around UK open offers'

Capstaff, J. and Armitage, S. (2009) Comment on 'earnings management around UK open offers'. European Journal of Finance, 15 (1). pp. 53-60. ISSN 1351-847X

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Abstract

This note discusses the result of Iqbal, A., S. Espenlaub, and N. Strong. 2008. Earnings management around UK open offers. European Journal of Finance, this issue, regarding long-run abnormal returns following open offers and announcement abnormal returns, compared with differing results in two previous studies based on similar samples. A survivorship bias explains some of the differences in the reported long-run abnormal returns. The difference in the announcement abnormal returns could be due to use of different data sources.

Item type: Article
ID code: 15108
Keywords: seasoned equity offers, long-run abmornal returns, announcement abmornal returns, Finance
Subjects: Social Sciences > Finance
Department: Strathclyde Business School > Accounting and Finance
Related URLs:
    Depositing user: Miss Donna McDougall
    Date Deposited: 03 Feb 2010 16:30
    Last modified: 28 May 2013 15:56
    URI: http://strathprints.strath.ac.uk/id/eprint/15108

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