He, Yan; Wang, Junbo; John Wei, K.C. - In: Journal of Financial Markets 20 (2014) C, pp. 61-78
We comprehensively study various measures of stock trading liquidity around seasoned equity offerings (SEOs) and SEO underpricing using a sample of 3,811 SEOs, made from 1997 to 2012, and a matched non-SEO sample. We find that all liquidity measures of SEO firms improve significantly after SEO...