Growth Opportunities, Business Group and Rights Issue in Indonesia. The Effect of Rights Issue to Market Return Around Ex-Date

      Аннотация: Raising new funds for the company always become the important thing to be discussed. Growth expansion needs or company financial restructuring often need much fresh fund in fastest way. Many companies nowadays choose rights issue method to raise funds easily because it is quicker and relatively cheaper. Contribution of rights issue transactions in Indonesia stock market is also high. This book is to examine the influence of rights issue at the ex-date, specifically want to analyze the influence of growth opportunities and business group against the cumulative abnormal return of companies that conduct rights issue in the Indonesia Stock Exchange as one of the countries with emerging capital market. The analysis should help shed some light in the financial market, and should be useful for the professionals and investors to make better decision about financial and investment matters.

Ключевые слова: cumulative abnormal return, event study, Finance, Growth opportunities, Indonesia, Multiple regression, rights issue, business group, ex-date