Shareholder Wealth Effects of Equity Issues in Emerging Markets: Evidence from Rights Offerings in Greece
研究希腊配股公告的异常回报,发现其为正,这与希腊缺乏活跃的配股权二级市场、股权集中度高且配股规模相对较大有关。
The abnormal returns associated with the announcements of rights issues is positive in Greece, where there is no active secondary market for rights but where stock ownership is concentrated in the hands of a few shareholders and rights issues are large relative to the existing common equity base.