Investor Sentiment, Market Timing and Seasoned Equity Offering

2015 ◽  
Author(s):  
Robin K. Chou ◽  
Chu Bin Lin
2019 ◽  
Vol 51 ◽  
pp. 28-43 ◽  
Author(s):  
Yi-Wen Chen ◽  
Robin K. Chou ◽  
Chu-Bin Lin

1997 ◽  
Vol 26 (3) ◽  
pp. 37 ◽  
Author(s):  
Michael Gombola ◽  
Hei Wai Lee ◽  
Feng-Ying Liu

2017 ◽  
Vol 14 (4) ◽  
pp. 314-327
Author(s):  
Fu-Jiing Shiue ◽  
Yi-Yin Yen

When a company exhibits favorable management performance, investors may have higher intention to purchase its stock at a premium price; the company may also make more desirable decisions in international expansion, attain higher international competitiveness, win the preference of investors, and thus exhibit a higher stock price, which results in higher seasoned equity offering (SEO) underpricing. Therefore, international competitiveness possibly plays a crucial moderating role between corporate governance and SEO underpricing. The empirical results of this study show that compared with government-controlled companies, international competitiveness strengthens the relationship of SEO underpricing with one-family-controlled companies, two-or-more family-controlled companies, and manager-controlled companies. Accordingly, companies should improve their international competitiveness and conduct favorable corporate management to elicit the investment intention of market participants worldwide.


2020 ◽  
Vol 30 (4) ◽  
pp. 874
Author(s):  
Wisudanto Wisudanto ◽  
Celine Ilyassin ◽  
Mayliya Alfi Nurrita

2019 ◽  
Vol 12 (3) ◽  
pp. 113 ◽  
Author(s):  
Fassas ◽  
Hourvouliades

Our work relates to the literature supporting that the VIX also mirrors investor sentiment and, thus, contains useful information regarding future S&P500 returns. The objective of this empirical analysis is to verify if the shape of the volatility futures term structure has signaling effects regarding future equity price movements, as several investors believe. Our findings generally support the hypothesis that the VIX term structure can be employed as a contrarian market timing indicator. The empirical analysis of this study has important practical implications for financial market practitioners, as it shows that they can use the VIX futures term structure not only as a proxy of market expectations on forward volatility, but also as a stock market timing tool.


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