Seasoned equity offerings evidence in vietnamese stock market

Abstract

Introduction. Literature review and Hypotheses development. Data and methodology. Determinants of company’s SEOs motivation. Market’s reaction to company’s SEOs. Conclusion and Suggestion. Vietnam is in the CIVETS group include Colombia, Indonesia, Vietnam, Egypt, Turkey, and South Africa which can be represented for new stardom candidates among emerging markets. Although these six CIVETS countries still suffer from some disparities during their development, they do have common element for emerging market such as young populations, stable politics, domestic economic structure diversification, less commodity exports reliance, relatively developed financial markets, outperforming returns potential (Korkmaz et. al., 2012). The main objectives of this thesis are to investigate thoroughly SEOs in the context of emerging market with Vietnamese stock market case. This objective serves to fill the gap of literature lacking in this region. Besides, it is among the first study in Vietnam to focus on many aspects of SEOs in terms of determinants of company’s SEOs motivation, market reaction and determinants of market reaction to company’s SEOs