Download or read book Two Essays on the Intended Use of Proceeds of Seasoned Equity Offerings written by David E. Bray and published by . This book was released on 2010 with total page 93 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.