Hull, Robert M.; Kwak, Sungkyu; Walker, Rosemary - In: Managerial Finance 45 (2019) 7, pp. 886-903
Purpose: The purpose of this paper is to explore if hedge fund variables (HFVs) are associated with long-run compounded raw returns (CRRs) for seasoned equity offering (SEO) firms for a six-year window around the offering month for firms undergoing SEOs. Design/methodology/approach: The event...