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  1. 1. Anomalies in ex right day of rights offers : (Evidence from the Swedish Stock Market)

    Magister-uppsats, Blekinge Tekniska Högskola/Sektionen för management

    Författare :Pawel Merdi; [2012]
    Nyckelord :Right Issues; Rights Offer; Ex-right day; Record date; Efficient Market Hypothesis EMH ; Theoretical Ex-right Price TERP ; Event Study; Abnormal Returns; Swedish Stock Exchange; Seasonal Equity offerings SEO ; Subscription Rights;

    Sammanfattning : The purpose of this thesis is to study the anomalies around the ex-right day of right issue. Evidence suggests that the equity price is not always adjusted according to the Theoretical ex-right price (TERP) around ex-right date and therefore creates large arbitrage opportunities. LÄS MER