The Effect of Diversification on the Valuation of Seasoned Equity Offerings (SEOs)
碩士 === 國立成功大學 === 財務金融研究所 === 98 === This study investigated two associations: one is between the action of diversification conducted by firms and offer prices, and the other one is between the action of diversification conducted by firms and the gross spread of seasoned equity offerings (SEOs). The...
| Main Authors: | , |
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| Other Authors: | |
| Format: | Others |
| Language: | en_US |
| Published: |
2010
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| Online Access: | http://ndltd.ncl.edu.tw/handle/41036612462205579010 |
| Summary: | 碩士 === 國立成功大學 === 財務金融研究所 === 98 === This study investigated two associations: one is between the action of diversification conducted by firms and offer prices, and the other one is between the action of diversification conducted by firms and the gross spread of seasoned equity offerings (SEOs). The regression results on offer price showed that the degree of diversification of the firm has a negative effect on the offer price of SEOs for the same firm, but we could not find sufficient evidence that diversification is beneficial to a firm on the basis of the regression results on the gross spread.
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