Kabir, Kabir, R.; Roosenboom, Roosenboom, P.G.J. - Erasmus Research Institute of Management (ERIM), … - 2002
This paper examines whether the stock market valuation impact is consistent with subsequent operating performance of … period. We then analyze post-rights issue operating performance of firms and find that, consistent with the announcement … operating performance. Additional investigation of both stock and operating performance decline provides full support for the …