Bradley, Daniel; Yuan, Xiaojing - In: Journal of Corporate Finance 21 (2013) C, pp. 106-118
We examine information spillovers in the context of seasoned equity offerings (SEOs). Rival firms react significantly positively (0.26%) to primary SEO announcements, indicative of a competitive effect, but negatively (−0.35%) to secondary share announcements, which is evidence of a contagion...