We study a sample of 568 Australian rights offerings made during 2003-08 to examine the market response to the reasons stated by the firm for the use of capital on announcements. We also examine the impact of the extent of disclosure of use of proceeds on market response. Using event study...

Fund disclosure is an important communication tool between trustees and fund members for product comparison and credibility verification. We examine what drives Australian superannuation funds to disclose their funds product information to the market. Our research derives a model that shows how...