(redirected from Seasoned equity offering)
Also found in: Wikipedia.
SEOSearch Engine Optimization
SEOSearch Engine Optimizer
SEOSelf Employment Opportunity
SEOSponsors for Educational Opportunity
SEOSouthEastern Ohio
SEOSecurities and Exchange Organization (Iran)
SEOSociedad Española de Ornitología (Spanish bird society)
SEOSpecial Education Office (various locations)
SEOSynthetic Engine Oil
SEOServer Extension Objects
SEOSubscriber End Office
SEOSewerage Enforcement Officer (Pennsylvania)
SEOState Electoral Office (Australia)
SEOSeasoned Equity Offering
SEOSenior Executive Officer
SEOState Engineers Office
SEOSpecial Equipment Option
SEOSistema de Estimulación Oportuna (Spanish: Timely Stimulation System; education)
SEOSpecial Engine Oil
SEOSociety of Education Officers (UK)
SEOSoftware Engineering Organization
SEOSenior Energy Official (US FEMA)
SEOService Excellence Office
SEOSurvivability Enhancement Options
SEOSecurity Engineering Officer
SEOSenior Executive Orientation (Florida; Chamber of Commerce)
SEOSpecial Equipment Operator
SEOScience Enhancement Option
SEOSystems Evaluation Office
SEOSoftware Executive Official
SEOSauf Erreur Ou Omission (French: error or omission excepted)
SEOSpecial Exemption Order (UK)
SEOShutdown Electrical Operator (US Navy submarine watchstation)
SEOSymbol-Error Outage
SEOScience and Education Outreach
SEOSynchronous Equatorial Orbiter
SEOSystems Engineering Office/Officer
SEOSource Election Official
SEOSocial Enterprise Ontario (Canada)
SEOSociety for Each Other (social welfare organization; Nepal)
SEOSocial Extension Officer
References in periodicals archive ?
Webb, 2006, "CEO Compensation and the Seasoned Equity Offering Decision," Managerial and Decision Economics, 27, 363-378.
The main goal of this article is to analyze some factors that impact the level of Seasoned Equity Offering (SEO) underpricing calculated based on the pre-issue closing price.
Market value is calculated as the share price five trading days before a seasoned equity offering announcement multiplied by the number of shares outstanding before the announcement of the equity offering.
Overall, our findings are consistent with the overvaluation hypothesis of Myers and Majluf (1984) that overvaluation is the driving force behind the decision of a seasoned equity offering. The findings are also consistent with the notion that issuing firms, especially growth firms, issue equity when their management expect significant slow down in the growth of their firm while investors are still optimistic about its growth potential.
Some firms decide to issue seasoned equity offerings (SEOs) very quickly after an initial public offering (IPO).
In addition, a number of studies have documented that executives manipulate earnings around firm-specific events such as initial public offerings (Teoh et al., 1998a), seasoned equity offerings (Teoh et al., 1998b), violation of debt covenants (DeFond and Jiambalvo, 1994; Dichev and Skinner, 2002) and acquisition of other firms (Louis, 2004).
Negative stock market reactions to seasoned equity offering (SEO) announcements have been extensively studied and well documented in the literature (Asquith and Mullins, 1986; Eckbo, Masulis, and Norli, 2007).
We argue that issuers will associate positive price adjustment with successful marketing efforts of the lead underwriter and will privilege dealings with the same underwriter again in the event of a successive seasoned equity offering. These results partially support this view.
Related studies on seasoned equity offerings have found the evidence of a negative relation between auditor quality and earnings management (Zhou and Elders 2004), and an inverse relation between underwriter quality and issuers' accruals (Jo, Kim, and Park 2007).
Despite high levels of asymmetry of information, firms that issue seasoned equity offerings (SEOs) within a year of their initial public offering (IPO) (follow-on SEOs) are able to offer shares at a lower discount as compared to more mature firms.
These estimates were adjusted for the April 2009 seasoned equity offering. The middle estimate of volatility is the average implied volatility from traded options sampled on May 1, 2009.
In untabulated regression models, we find for those firms that conduct a seasoned equity offering, the time between the IPO and the seasoned offering is shorter if the firm is a focused firm.