Elliott, William B.; Prevost, Andrew K.; Rao, Ramesh P. - In: Journal of Banking & Finance 33 (2009) 8, pp. 1472-1480
Previous studies document a negative return to equity on the announcement of an SEO. However, the effects of SEO announcements on bonds have received little attention. We find that bondholders experience a significant positive return on the announcement of an SEO and this effect is more...
