Kim, Hyun Ju; Song, Kyojik "Roy" - In: Journal of derivatives and quantitative studies 30 (2022) 1, pp. 46-57
The authors compare the post-issue stock and operating performance of rights issue versus public offer firms using … Korean data. The authors find that the stock returns of rights issue firms are less negative than those of public offering … rights offering firms is superior to those of public offering firms and that the ratio of sales to assets for rights issue …