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dc.contributor.authorMurgulov, Zoltam
dc.contributor.authorRoca, Eduardo
dc.contributor.editorAkimov, Alexandr
dc.date.accessioned2020-01-16T07:46:08Z
dc.date.available2020-01-16T07:46:08Z
dc.date.issued2010
dc.identifier.issn1836-8123
dc.identifier.otherRePEc:gri:fpaper:finance:201013
dc.identifier.urihttp://hdl.handle.net/10072/390470
dc.description.abstractThe last decade of the 20th century saw the rise of the new economy sector in Australia with an increasing number of new economy companies listing on the Australian Securities Exchange (ASX). These new economy companies engaged in seasoned equity offers (SEOs) soon after listing on the Securities Exchange. A plethora of information is made publicly available in relation to such offers with the aim of providing investors a sound basis for making investment decisions. But how value- relevant are these information in relation to the new economy companies? Given that research to date has not yet addressed this issue with respect to new economy SEOs, we therefore address this knowledge gap in the context of Australian capital markets. We found that, overall, publicly available information have the ability to explain long-term returns of new economy SEOs and should therefore be taken seriously by investors.
dc.format.extent20 pages
dc.languageEnglish
dc.publisherGriffith University
dc.publisher.placeBrisbane, Australia
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto20
dc.subject.keywordsG19 - General Financial Markets: Other
dc.subject.keywordsG14 - Information and Market Efficiency; Event Studies
dc.subject.keywordsG12 - Asset Pricing; Trading volume; Bond Interest Rates
dc.subject.keywordsSeasoned equity offers
dc.subject.keywordsLong-term returns
dc.subject.keywordsNew economy
dc.title2010-13: Can Information Made Publicly Available Explain Long-Term Performance of New Economy Seasoned Equity Offers? (Working paper)
dc.typeReport
dc.type.descriptionDiscussion Paper
gro.facultyGriffith Business School
gro.description.notepublicFinance
gro.rights.copyrightCopyright © 2010 by author(s). No part of this paper may be reproduced in any form, or stored in a retrieval system, without prior permission of the author(s).
gro.date.issued2010
gro.hasfulltextFull Text
gro.griffith.authorMurgulov, Zoltan
gro.griffith.authorRoca, Eduardo D.


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