Shu, Pei-Gi; Chiang, Sue-Jane - In: International Review of Economics & Finance 29 (2014) C, pp. 177-194
Rangan (1998), and Teoh, Wong, and Rao (1998) maintain that the short-term overperformance and long-term underperformance of seasoned equity offerings (SEOs) are due to earnings management, whereas Loughran and Ritter (1997), Baker and Wurgler (2002) and Cohen, Papadaki, and Siougle (2007)...