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
Full text not available in this repository. (Request a copy from the Strathclyde author)Official URL: http://dx.doi.org/10.1080/13518470801890735
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: | 12 Mar 2012 11:01 |
| URI: | http://strathprints.strath.ac.uk/id/eprint/15108 |
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