Large shareholding networks and equity raising: Evidence from bank-holding companies
|
Xuan Minh Pham Thesis
(PDF 1MB)
Available under License Creative Commons Attribution Non-commercial No Derivatives 4.0. |
Description
This thesis examines the information network created by multiple large shareholders around seasoned equity offerings (SEOs) of bank-holding companies (BHCs). Analyzing the network using social network analysis (SNA), I find the abnormal stock returns around SEO announcements are related to large shareholding network centrality, suggesting that multiple large shareholders are able to capitalize on their position in the network to mitigate agency cost and information asymmetries. The network also creates a spillover effect by transmitting information about the SEO announcements from issuers to other non-issuers belonging to the same large shareholder network.
Impact and interest:
Citation counts are sourced monthly from Scopus and Web of Science® citation databases.
These databases contain citations from different subsets of available publications and different time periods and thus the citation count from each is usually different. Some works are not in either database and no count is displayed. Scopus includes citations from articles published in 1996 onwards, and Web of Science® generally from 1980 onwards.
Citations counts from the Google Scholar™ indexing service can be viewed at the linked Google Scholar™ search.
Full-text downloads:
Full-text downloads displays the total number of times this work’s files (e.g., a PDF) have been downloaded from QUT ePrints as well as the number of downloads in the previous 365 days. The count includes downloads for all files if a work has more than one.
| ID Code: | 208013 |
|---|---|
| Item Type: | QUT Thesis (PhD) |
| Supervisor: | How, Janice & Verhoeven, Peter |
| Keywords: | Large Shareholding Network, Multiple Large Shareholders, Seasoned Equity Offerings, Bank-holding Companies, Social Network Analysis, Information Network, Event Study, Information Theory, Adverse Selection |
| DOI: | 10.5204/thesis.eprints.208013 |
| Divisions: | Past > QUT Faculties & Divisions > QUT Business School Current > Schools > School of Economics & Finance |
| Institution: | Queensland University of Technology |
| Deposited On: | 16 Mar 2021 06:35 |
| Last Modified: | 16 Mar 2021 06:35 |
Export: EndNote | Dublin Core | BibTeX
Repository Staff Only: item control page
CORE (COnnecting REpositories)
CORE (COnnecting REpositories)