| Residential College | false |
| Status | 已發表Published |
| SEO Waves, Financial Constraints, and Industry Issuance Activity | |
JIANG YI; QUE TINGTING 
| |
| 2024-06 | |
| Conference Name | 2024 Asian Finance Association (AsianFA) Annual Conference |
| Conference Date | June 24 to 26, 2024 |
| Conference Place | Macau |
| Country | China |
| Abstract | Can industry conditions influence the financing behavior and costs of financially constrained firms? We find that constrained firms’ SEO issuance is sensitive to the prior amount of industry SEO activity in the last six months, even after controlling for prior market activity and prior stock returns. The market responds to same-industry unconstrained firms’ SEOs with positive abnormal returns to constrained firms. Two key benefits of unconstrained industry peers’ SEOs are increasing analyst coverage and institutional ownership. Our results suggest that the information communicated by financially unconstrained firms’ SEOs is valuable to their constrained peers. |
| Keyword | Financial Constraints Seos Contagion |
| Document Type | Conference paper |
| Collection | DEPARTMENT OF FINANCE AND BUSINESS ECONOMICS |
| Corresponding Author | QUE TINGTING |
| Affiliation | 1.California State University at Fullerton 2.University of Macau |
| Recommended Citation GB/T 7714 | JIANG YI,QUE TINGTING. SEO Waves, Financial Constraints, and Industry Issuance Activity[C], 2024. |
| APA | JIANG YI., & QUE TINGTING (2024). SEO Waves, Financial Constraints, and Industry Issuance Activity. . |
| Files in This Item: | There are no files associated with this item. | |||||
Items in the repository are protected by copyright, with all rights reserved, unless otherwise indicated.
Edit Comment