Tough times for seasoned equity offerings: performance during the COVID pandemic.

J Bus Econ · 2022 · PMC9006200 · PMID 38625294

Europe PMC DOI

hedged sentences

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closest p

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boldest claim

The sentences

highly significantno p-value reported

On the announcement day issuers experience a highly significant average abnormal return of − 8.60% and a median abnormal return of − 6.95%.

also in 132,142 other papers

weakly significantno p-value reported

The average and median ARs before and after the announcement day are only weakly significant or insignificant and considerably smaller, indicating an efficient market reaction as well as a well determined announcement date.

also in 1,387 other papers

Quoted from the open-access full text in Europe PMC under the licence the publisher applied. The sentence is reproduced exactly as published; the emphasis is ours.