Influences of seasoned equity offerings on stock return of Ho Chi Minh market
This paper investigated the impact of seasoned equity offerings (SEO) on stock return of listed companies in Ho Chi Minh City market using the method “event study” which has been basically formed by Campbell, Lo, and MacKinlay (1997). The sample includes 332 SEOs from 2007 to 2010. The main findings...
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| Định dạng: | Conference Paper |
| Ngôn ngữ: | English |
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2017
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| Truy cập trực tuyến: | http://journal.ui.ac.id/index.php/icmr/article/view/1580 http://digital.lib.ueh.edu.vn/handle/UEH/56530 |
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oai:localhost:UEH-565302017-12-20T09:26:37Z Influences of seasoned equity offerings on stock return of Ho Chi Minh market Ho Viet Tien Dinh Thi Thu Ha Efficient market hypothesis Event study Seasoned equity offerings This paper investigated the impact of seasoned equity offerings (SEO) on stock return of listed companies in Ho Chi Minh City market using the method “event study” which has been basically formed by Campbell, Lo, and MacKinlay (1997). The sample includes 332 SEOs from 2007 to 2010. The main findings show evidence that the Ho Chi Minh City market was not efficient in terms of the semi-strong form because the price has increased significantly on the ex-right date, day 0. In an opposite way, the market also reacted significantly negatively from T-4 to T-2. There are some significant impacts of timing on issue methods – equity right issues were in priority for favorable time and issues as “dividend by stocks” were chosen during unfavorable time. 2017-12-20T09:26:37Z 2017-12-20T09:26:37Z 2012 Conference Paper http://journal.ui.ac.id/index.php/icmr/article/view/1580 http://digital.lib.ueh.edu.vn/handle/UEH/56530 en Proceedings of the 7th International Conference on Business and Management Research “Transforming Local and Regional Networks into Sustainable Growth” none Portable Document Format (PDF) 15 22 |
| institution |
Đại học Kinh tế Thành phố Hồ Chí Minh |
| collection |
DSpaceUEH |
| language |
English |
| topic |
Efficient market hypothesis Event study Seasoned equity offerings |
| spellingShingle |
Efficient market hypothesis Event study Seasoned equity offerings Ho Viet Tien Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| description |
This paper investigated the impact of seasoned equity offerings (SEO) on stock return of listed companies in Ho Chi Minh City market using the method “event study” which has been basically formed by Campbell, Lo, and MacKinlay (1997). The sample includes 332 SEOs from 2007 to 2010. The main findings show evidence that the Ho Chi Minh City market was not efficient in terms of the semi-strong form because the price has increased significantly on the ex-right date, day 0. In an opposite way, the market also reacted significantly negatively from T-4 to T-2. There are some significant impacts of timing on issue methods – equity right issues were in priority for favorable time and issues as “dividend by stocks” were chosen during unfavorable time. |
| author2 |
Dinh Thi Thu Ha |
| author_facet |
Dinh Thi Thu Ha Ho Viet Tien |
| format |
Conference Paper |
| author |
Ho Viet Tien |
| author_sort |
Ho Viet Tien |
| title |
Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| title_short |
Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| title_full |
Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| title_fullStr |
Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| title_full_unstemmed |
Influences of seasoned equity offerings on stock return of Ho Chi Minh market |
| title_sort |
influences of seasoned equity offerings on stock return of ho chi minh market |
| publishDate |
2017 |
| url |
http://journal.ui.ac.id/index.php/icmr/article/view/1580 http://digital.lib.ueh.edu.vn/handle/UEH/56530 |
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AT hoviettien influencesofseasonedequityofferingsonstockreturnofhochiminhmarket |
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