Table 1 SEOs sample overview Panel A:...

Table 1

SEOs sample overview

Panel A: Number of rights and public offerings by year
Year	Rights		Public		Total
2000	18	95%	1	5%	19
2001	72	85%	13	15%	85
2002	54	83%	11	17%	65
2003	94	70%	40	30%	134
2004	82	63%	48	37%	130
2005	136	59%	95	41%	231
2006	90	61%	57	39%	147
2007	112	61%	72	39%	184
2008	88	38%	145	62%	233
2009	101	35%	185	65%	286
2010	57	40%	87	60%	144
2011	37	34%	72	66%	109
2012	36	44%	45	56%	81
2013	41	53%	36	47%	77
2014	38	48%	42	53%	80
2015	39	55%	32	45%	71
Total	1,095	53%	981	47%	2,076

Panel A: Number of rights and public offerings by year
Year	Rights		Public		Total
2000	18	95%	1	5%	19
2001	72	85%	13	15%	85
2002	54	83%	11	17%	65
2003	94	70%	40	30%	134
2004	82	63%	48	37%	130
2005	136	59%	95	41%	231
2006	90	61%	57	39%	147
2007	112	61%	72	39%	184
2008	88	38%	145	62%	233
2009	101	35%	185	65%	286
2010	57	40%	87	60%	144
2011	37	34%	72	66%	109
2012	36	44%	45	56%	81
2013	41	53%	36	47%	77
2014	38	48%	42	53%	80
2015	39	55%	32	45%	71
Total	1,095	53%	981	47%	2,076

Panel B: Descriptive statistics
	N	Mean	SD	Q1	Median	Q3
Issue amount (KRW Billions)	2,076	13.49	34.61	1.90	5.05	11.47
Total assets (KRW Billions)	2,048	166.0	587.5	21.9	38.7	72.1
MB (t-1)	2,051	0.10	0.76	−0.27	−0.03	0.28
Investment (t-1)	2,055	0.06	0.29	−0.07	0.02	0.16
ROA (t-1)	2,057	−0.13	0.24	−0.18	−0.07	0
Sales/Assets (t-1)	2,056	0.84	0.65	0.42	0.72	1.07

Panel B: Descriptive statistics
	N	Mean	SD	Q1	Median	Q3
Issue amount (KRW Billions)	2,076	13.49	34.61	1.90	5.05	11.47
Total assets (KRW Billions)	2,048	166.0	587.5	21.9	38.7	72.1
MB (t-1)	2,051	0.10	0.76	−0.27	−0.03	0.28
Investment (t-1)	2,055	0.06	0.29	−0.07	0.02	0.16
ROA (t-1)	2,057	−0.13	0.24	−0.18	−0.07	0
Sales/Assets (t-1)	2,056	0.84	0.65	0.42	0.72	1.07

Note(s): MB, investment and ROA are adjusted for their industry-year medians. Panel A reports the number of SEOs for the Rights and Public offering methods by year. Panel B presents characteristics of Rights and Public offerings of seasoned equity. IssueAmount and TotalAssets are in KRW billions and represent the sizes of the seasoned equity offering and the firm respectively. MB is the market-to-book ratio measured at the beginning of the SEO year, and Investment is the sum of R&D and cash flow from investment activities, scaled by total assets. ROA is operating profit scaled by total assets, and Sales/Assets is sales over total assets. The data cover SEOs from September 2000 to December 2015

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