ASU Electronic Theses and Dissertations
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This dissertation provides an analysis of the effects of public secondary equity offerings by private equity sponsors at portfolio firms that have become publicly traded entities via initial public offerings. Such secondary offerings were rare prior to 2000, but in recent years have become an increasingly common form of financial activity. A large sample of these offerings is analyzed within the framework of corporate finance theory, taking into account that they allow a private equity sponsor to sell off a large, controlling block of common stock to dispersed investors. This work provides a basis to draw conclusions about the effects …
- Dong, Qi, Sushka, Marie E., Slovin, Myron B., et al.
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