December 21, 2022

ETF Ownership and Seasoned Equity Offerings

Kevin P. Evans, Woon Sau Leung, Junqiu Li, and Khelifa Mazouz ♦ This article investigates the impact of exchange-traded fund (ETF) ownership on seasoned equity offerings (SEOs). We find that increases to firms’ ETF ownership is positively related to their propensity to conduct…