Brazilian market reaction to equity issue announcements

We have carried out an event study to investigate stock returns associated with the announcement of equity issues by Brazilian firms between 1992 and 2003 in order to determine market reaction before, during, and after the issue announcement. After measuring abnormal returns by OLS, we used ARCH and...

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Main Authors: Medeiros, Otavio Ribeiro de, Matsumoto, Alberto Shigueru
Format: Artigo
Language: English
Published: ANPAD - Associação Nacional de Pós-Graduação e Pesquisa em Administração 2017
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Online Access: http://repositorio.unb.br/handle/10482/26559
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