This paper uses a multivariate framework to extend the recent univariate seasoned equity offering (SEO) research by Hull, Kwak and Walker (2010) that investigates the valuation impact of inside ownership. Our multivariate findings add to the univariate findings as we show that the inside...

This thesis examines the use of shelf offerings to raise equity capital in the U.S. market. Shelf offerings have recently become the key method to offer primary equity as the capital raised via shelf offerings now accounts for 80% of the value of U.S. seasoned equity offerings (SEOs)....

This thesis presents two essays in Corporate Finance. In the first essay, I use the August 2007 crisis episode to gauge the effect of financial contracting on real firm behavior. I identify heterogeneity in financial contracting at the onset of the crisis by exploiting ex-ante variation in...

Capital market represent the market transactions between the company and investor. For investors who invest their funds in shares of a company aims to earn revenue namely dividends. Many factors affect the stock price on the stock exchange, such as price earnings ratio (PER) and cash dividends....