Type of Document	Dissertation
Author	Bray, David E.
Author's Email Address	deb8350@fsu.edu
URN	etd-07292010-130111
Title	Two Essays on the Intended Use of Proceeds of Seasoned Equity Offerings
Degree	Doctor of Philosophy
Department	Finance, Department of
Advisory Committee	Advisor Name Title David R. Peterson Committee Chair Don M. Autore Committee Member Gary A. Benesh Committee Member Thomas W. Zuehlke University Representative
Keywords	Institutional Investors Long-run Performance Use of Proceeds Seasoned Equity Offerings
Date of Defense	2010-07-27
Availability	unrestricted
Abstract The intended use of proceeds variable is a publicly available data source provided by issuing firms via the proxy statement filed with the Securities and Exchange Commission. The first essay of this dissertation finds that firms stating investment as the intended use of proceeds outperform their counterparts who are raising capital to repay debt obligations. The second essay provides evidence that institutional investors are no longer able to select the outperforming seasoned equity offerings after the passage of Regulation Fair Disclosure.
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