Balachandran, Balasingham; Faff, Robert; Theobald, Michael - In: Journal of Financial and Quantitative Analysis 47 (2012) 01, pp. 213-239
We examine the role of shareholder takeup in rights offerings on the subscription period price reaction and liquidity. Our results indicate that takeup information is reflected in price adjustments over the subscription period and that quality-related information disclosed on the rights...
