PORTFOLIO-BASED BENCHMARKS AND THE LONG-TERM PERFORMANCE OF SEOS FOR AN EMERGING MARKET

Joanna Lizińska The paper focuses on the long-term price performance after seasoned equity offerings (SEOs). In particular, the research contributes to the debate on the importance of the benchmark design in an emerging market. The choice of Indian SEOs as a sample allowed for constructing six benchmarks and comparing the results with the main market […]

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abnormal returns CMS analysis credit institutions Croatian food industry deposit net outflows e-intermediaries export competitiveness exporting foreign direct investment funding stability high value household deposits Income Evaluation Question industry intense economic growth IPOs Ireland IS curve leader follower model liquidity standards matched firms Mincer equation monetary policy New Keynesian model oil prices Phillips curve Polish hospitality market poverty price discrimination proximity concentration trade off quantile unit root with Fourier function rate fences returns to education room rate parity strategy structural change subjective equivalence scale SURE Taylor rules TECM the EU threshold cointegration tracking error trend breaks validation Zellner estimator