PhD defence: Niklas Kohl
Firms which issue new equity subsequently have lower returns than other firms. The essays explore whether the strength of this effect depends on differences in issuer characteristics, and between issuers in different markets. Moreover, I investigate whether issuer underperformance can be explained by information asymmetry.
Primary Supervisor:
Professor Søren Hvidkjær
Department of Finance
Copenhagen Business School
Secondary Supervisor:
Professor Ken L. Bechmann
Department of Finance
Copenhagen Business School
Assessment Committee:
Professor MSO Christian Wagner
Department of Finance
Copenhagen Business School
Professor B. Espen Eckbo
Tuck School of Business
Dartmouth College
Christina Cella
Financial Stability Department
Applied Research and Modelling Division
Sveriges Riksbank
Thesis:
The thesis will be available from http://openarchive.cbs.dk
Reception:
The Doctoral School of Economics and Management will host a reception, which will take place immediately after the defence at the FUHU Faculty Club, Solbjerg Plads 3, 2000 Frederiksberg.
Organised by: The Doctoral School of Economics and Management
Date 14 November 2017
Time 14.00 – 16.00
Location Copenhagen Business School, SP201, Solbjerg Plads 3, 2000 Frederiksberg