UK issue announcement effects : the special case Of private placements

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dc.contributor.author Cotter, John
dc.date.accessioned 2009-12-08T15:05:16Z
dc.date.available 2009-12-08T15:05:16Z
dc.date.copyright 1997 Financial Services Research Forum en
dc.date.issued 1997
dc.identifier.uri http://hdl.handle.net/10197/1693
dc.description.abstract While considerable attention has been paid to market reaction announcements of public equity issues, only a small amount of research has been devoted to their private placement counterparts. This is surprising given that proceeds from the latter are typically used to finance firms and new investment projects. This paper helps to redress the balance, by applying market model methodology to 78 private equity issue announcements in the UK over the period 1990-1995. Private placements announcements appear to be associated with positive abnormal returns. It is hypothesised that these arise from the unique negotiating structure between management and private clients. en
dc.format.extent 4304 bytes
dc.format.mimetype application/pdf
dc.language.iso en en
dc.publisher Financial Services Research Forum en
dc.relation.ispartofseries Financial Market Papers en
dc.relation.ispartofseries 5 en
dc.subject.lcsh Privately placed securities en
dc.subject.lcsh Stock exchanges--Great Britain en
dc.title UK issue announcement effects : the special case Of private placements en
dc.type Working Paper en
dc.internal.authorurl John Cotter (web page) en
dc.internal.authorurl http://www.ucd.ie/research/people/business/drjohncotter/ en
dc.internal.authorid UCD0043 en
dc.internal.availability Full text not available en
dc.status Not peer reviewed en
dc.neeo.contributor Cotter|John|aut|UCD0043 en


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