Marisetty, Vijaya B.; Marsden, Alastair; Veeraraghavan, … - In: Pacific-Basin Finance Journal 16 (2008) 3, pp. 316-340
This study examines securities price reaction to announcements of rights issues by listed Indian firms during the period 1997-2005. We document a positive but statistically insignificant price reaction to such announcements. The price reaction is significantly more negative for firms with a...