The announcement effect on mean and variance for underwritten and non-underwritten SEOs
This thesis investigates the stock return and its variance around seasoned equity offering announcements for Swedish companies listed on the OMX Large cap, Mid cap and Small cap exchanges. The analysis is made on a full sample containing 52 SEOs, as well as two sub-samples containing underwritten and non-underwritten SEOs. The framework for the event study is OLS regressions based on the CAPM-mode
