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The largest shareholder of an issuing firm in Hong Kong can be the underwriter for rights offers and open offers. We hypothesize that being an underwriter the largest shareholder who possesses more information is better than investment banks in certifying firm value and we find the evidence to...
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Using a large database of U.S. seasoned equity offering (SEO) announcements from 2010 to 2015, we examine the effects …
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excess returns for our environmentally-friendly firms and their IPOs and SEOs, in contrast to our control IPO and SEO samples …
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