van den Assem, Martijn J.; van Dolder, Dennie; … - In: Review of Behavioral Finance 14 (2020) 1, pp. 35-44
Purpose: This paper documents a strong violation of the law of one price surrounding a large rights issue. Design/methodology/approach: If prices are right, the relation between the prices of shares and rights follows the outcome of a simple calculation. Findings: In the case of Royal Imtech...