Abstract
This note discusses the result of Iqbal, A., S. Espenlaub, and N. Strong. 2008. Earnings management around UK open offers. European Journal of Finance, this issue, regarding long-run abnormal returns following open offers and announcement abnormal returns, compared with differing results in two previous studies based on similar samples. A survivorship bias explains some of the differences in the reported long-run abnormal returns. The difference in the announcement abnormal returns could be due to use of different data sources.
| Original language | English |
|---|---|
| Pages (from-to) | 53-60 |
| Number of pages | 7 |
| Journal | European Journal of Finance |
| Volume | 15 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - Jan 2009 |
Keywords
- seasoned equity offers
- long-run abmornal returns
- announcement abmornal returns