Krakstad, Svein olav; Molnar, Peter - In: Economics Bulletin 35 (2015) 1, pp. 764-773
In this paper we study Norwegian rights issues with focus on the announcement effects of raising seasoned equity. The … abnormal returns at announcement in Norway are around −8% to −10% for rights issues, and this is much higher than what is … with other SEO types than with rights issues. This indicates that firms using rights issues are less able to time the …