Using a large database of U.S. seasoned equity offering (SEO) announcements from 2010 to 2015, we examine the effects of several explanatory variables – firm specific, macroeconomic, fixed income, and stock market variables - on the announcement period abnormal stock returns and on the...

Using a large sample of bank seasoned equity offerings (SEO) from 2002 to 2017, we first document detailed descriptive statistics, and showed that nonperforming assets ratio, our primary measure of bank asset quality, reached the highest value immediately after the 2008 economic crisis, which...