HCBE Faculty Books and Book Chapters
Forecasting the use of seasoned equity offerings
Book Title
Advances in business and management forecasting
ORCID ID
Rebecca Abraham 0000-0002-3144-7759
Document Type
Book Chapter
ISBN
9780857242013
Publication Date
11-17-2010
Editors
Lawrence, D.L., Klimberg, R.K.
Description
Seasoned equity offerings (SEOs) are sales of stock after the initial public offering. They are a means to raise funds through the sale of stock rather than the issuance of additional debt. We propose a method to predict the characteristics of firms that undertake this form of financing. Our procedure is based on logistic regression where firm-specific variables are obtained from the perspective of the firm's need to raise cash such as high debt ratios, high current liabilities, reduction and changes in current debt, significant increase in capital expenditure, and cash flows in terms of cash as a percentage of assets.
DOI
https://doi.org/10.1108/S1477-4070(2010)7
Publisher
Emerald Publishing Limited
City
Bingley, UK
First Page
23
Last Page
36
Disciplines
Business
NSUWorks Citation
Abraham, Rebecca and Harrington, Jr., Charlie W., "Forecasting the use of seasoned equity offerings" (2010). HCBE Faculty Books and Book Chapters. 187.
https://nsuworks.nova.edu/hcbe_facbooks/187