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dc.contributor.authorAdams, Andrew T
dc.contributor.authorSzakacs, M
dc.date.accessioned2007-08-14T14:39:53Z
dc.date.available2007-08-14T14:39:53Z
dc.date.issued1995
dc.identifier.urihttp://hdl.handle.net/1842/1851
dc.description.abstractThis paper examines the "C" share issue, a method of issuing shares which is peculiar to the UK investment trust industry. In particular, we analyse abnormal returns and discount/premium to net asset value behaviour of the ordinary shares both before and after the announcement of "C" share issues. The research was conducted using event study methodology and an innovative approach to the analysis of discount/premium movements. The results suggest a tendency for the ordinary shares to outperform the FT-SE Actuaries Investment Trust Index over the six months following a "C" share issue announcement, despite a reduction in the premium to net asset value rating of the shares over the same period.en
dc.format.extent38708 bytes
dc.format.mimetypeapplication/pdf
dc.language.isoenen
dc.publisherManagement School and Economics. The University of Edinburghen
dc.relation.ispartofseriesCFMRen
dc.relation.ispartofseries95.04en
dc.subjectecononicsen
dc.titleOrdinary Share Price Behaviour Around 'C' Share Issues by Investment Trustsen
dc.typeWorking Paperen


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