Zenzius, Marc ; Flore, Christian ; Schiereck, Dirk (2025)
Tough times for seasoned equity offerings: performance during the COVID pandemic.
In: Journal of Business Economics = Zeitschrift für Betriebswirtschaft, 2022, 92 (9)
doi: 10.26083/tuprints-00028519
Article, Secondary publication, Publisher's Version
![[img]](https://tuprints.ulb.tu-darmstadt.de/style/images/fileicons/text.png) |
Text
s11573-022-01089-6.pdf Copyright Information: CC BY 4.0 International - Creative Commons, Attribution. Download (646kB) |
| Item Type: | Article |
|---|---|
| Type of entry: | Secondary publication |
| Title: | Tough times for seasoned equity offerings: performance during the COVID pandemic |
| Language: | English |
| Date: | 16 January 2025 |
| Place of Publication: | Darmstadt |
| Year of primary publication: | November 2022 |
| Place of primary publication: | Berlin ; Heidelberg |
| Publisher: | Springer |
| Journal or Publication Title: | Journal of Business Economics = Zeitschrift für Betriebswirtschaft |
| Volume of the journal: | 92 |
| Issue Number: | 9 |
| DOI: | 10.26083/tuprints-00028519 |
| Corresponding Links: | |
| Origin: | Secondary publication DeepGreen |
| Abstract: | This study analyzes the wealth effects of SEO announcements in the US during the COVID-19 pandemic and its main determinants. We find significantly negative abnormal returns of − 8.6%. This provides persuasive evidence that capital markets reacted particularly negative during this period, reflecting higher degrees of uncertainty. We furthermore find that larger firms experience a better SEO performance and that COVID-19 related biotech & healthcare firms react particularly negative. This effect is more negative the lower the company valuation beforehand. |
| Uncontrolled Keywords: | Covid, SEO, Event study |
| Status: | Publisher's Version |
| URN: | urn:nbn:de:tuda-tuprints-285192 |
| Additional Information: | Special Issue: Non-standard issues in business finance JEL Classification: G14 |
| Classification DDC: | 300 Social sciences > 330 Economics 600 Technology, medicine, applied sciences > 650 Management |
| Divisions: | 01 Department of Law and Economics > Betriebswirtschaftliche Fachgebiete > Corporate finance |
| Date Deposited: | 16 Jan 2025 10:18 |
| Last Modified: | 16 Jan 2025 10:19 |
| SWORD Depositor: | Deep Green |
| URI: | https://tuprints.ulb.tu-darmstadt.de/id/eprint/28519 |
| PPN: | |
| Export: |
 |
View Item |
Drucken
Impressum