Comment on 'earnings management around UK open offers'

J. Capstaff; S. Armitage

doi:10.1080/13518470801890735

Comment on 'earnings management around UK open offers'

J. Capstaff
, S. Armitage

Accounting And Finance

Research output: Contribution to journal › Article › peer-review

6 Citations (Scopus)

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	https://doi.org/10.1080/13518470801890735
Publication status	Published - Jan 2009

Keywords

seasoned equity offers
long-run abmornal returns
announcement abmornal returns

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10.1080/13518470801890735

Cite this

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Comment on 'earnings management around UK open offers'

Abstract

Keywords

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