Audit Quality and Seasoned Equity Offerings Methods

Using a sample of U.S. seasoned equity offering (SEO) during the period 2002-2017, we document that audit quality is associated with SEO issuance method choice. Specifically, firms with higher quality auditors are more likely to adopt the accelerated offerings issue method instead of using other seasoned equity offering methods. We also identify that audit tenure and industry audit specialization influence the relation between audit quality and the likelihood of undertaking accelerated SEO offerings, and that the relationship is more pronounced in the presence of weaker firm-level information and governance environments. Extending from the conclusion that accelerated offerings serve as a quality certification mechanism, we also find that firms completing accelerated offerings enjoy lower audit fees in subsequent years. These firms also exhibit superior post-SEO-issue long-term abnormal stock performance. Overall, our study shows that the certifying and monitoring role of auditors is valuable to clients, underwriters, and investors in SEO transactions

Modeling a Surveillance Network based on Unit Disk Graph technique- Application for monitoring the invasion of insects in Mekong Delta Region

Finding dynamic laws of an ecological and environmental system is one of the interesting problems involved by multiple applied domains. Before, this work is only concerned by ecologists or biologists; the commonly used solutions can be mathemathal-00855152