Hedging, information asymmetry and financing cost : evidence from seasoned equity offering announcements

This paper examines the effect of hedging on reducing the degree of information asymmetry. The effect of hedging on reducing information asymmetry is captured by comparing the abnormal returns and cumulative abnormal returns of hedgers and non-hedgers during their seasoned equity offering announceme...

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Bibliographic Details
Main Author: Shao, Wei
Format: Others
Published: 2003
Online Access:http://spectrum.library.concordia.ca/1973/1/MQ77674.pdf
Shao, Wei <http://spectrum.library.concordia.ca/view/creators/Shao=3AWei=3A=3A.html> (2003) Hedging, information asymmetry and financing cost : evidence from seasoned equity offering announcements. Masters thesis, Concordia University.