Market reaction to “ unsweetened ” and “ sweetened ” rights offerings in an emerging European stock market

  • Cahit Adaoglu
  • Published 2015


This research investigates the market reaction to both “unsweetened” (plain) and “sweetened” (with simultaneous distribution of bonus issues) rights offerings in the Istanbul Stock Exchange. Consistent with previous U.K. and U.S. evidence, although with larger magnitude, the announcement day abnormal returns for “unsweetened” rights offerings are negative… (More)


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