SHORT TERM UNDERPRICING ANOMALY AND ITS DETERMINANT FACTORS ON SEASONED EQUITY OFFERINGS: A RESEARCH ON THE STOCKS TRADED ON THE BORSA ISTANBUL (BIST)

Abstract

Purpose - The main objective of this study is to analyze the short-term price performance of the stocks issued by the 58 companies conducted 79 seasoned equity offerings (seos) during the 2010-2015 period in Borsa İstanbul and find out its determinant factors on the short-term price anomalies.