Cooney, John W.; Kato, Hideaki Kiyoshi; Schallheim, James S. - In: Review of Financial Studies 16 (2003) 3, pp. 949-982
In sharp contrast to results in the United States, the average stock price response to an announcement of a seasoned equity issue in Japan is positive. Offer prices in Japan, unlike the United States, are announced several days before the beginning of the subscription period and incorporate a...
