The effect of seasoned equity offerings on stock price of firms listed at the Philippine Stock Exchange for years 2007-2015

Date of Publication

2017

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Science in Management of Financial Institutions

Subject Categories

Finance and Financial Management

College

Ramon V. Del Rosario College of Business

Department/Unit

Financial Management

Thesis Adviser

Ricarte Pinlac

Defense Panel Chair

Rene Betita

Defense Panel Member

Patricia Benito

Junnette A. Perez

Abstract/Summary

Seasoned equity offerings (SEO) are follow-on offerings made by companies to issue additional shares. The objective of the study is to identify the corresponding SEO dates, abnormal returns of stock prices and significant effect of SEO announcement on companies' stock prices. This research hopes to focus on the impact of the timing of the announcements on the stock price of the issuing companies and isolate this from other investor consideration. There would be an estimation period of 190 days with two event windows. The first event window being -10 days before the announcement date and 10 days after the announcement date. The second event window being -3 days before the announcement and 3 days after the announcement date. Through the methodology, the researchers observed that there are some days that exhibit significant results. However, cumulative results for both event windows show that announcement of SEO resulted to negative insignificant returns around the announcement period. This study can greatly contribute to companies, future studies, market participants, and investors.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU21896

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

ii, 102, 4 leaves ; 28 cm.

Keywords

Stocks--Prices

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