Ariff, M.; Khan, Walayet A.; Kent Baker, H. - In: Journal of Asia Business Studies 1 (2007) 2, pp. 10-19
This study examines short‐term stock price reactions to announcements of equity rights offerings in Singapore between 1983 and 2003 and investigates whether economic factors lead to different price reactions. The results show that the cumulative abnormal returns (CARs) associated with rights...