Equity Issues and Changes in Expectations of Earnings by Financial Analysts

Corporate financing and investment decisions when firms have information that investors do not have

1984 • 18,167 citations

Using daily stock returns

1985 • 6,463 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Equity issues and offering dilution

1986 • 1,479 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

Analysts' forecasts as earnings expectations

1988 • 1,063 citations

The Market for Securities: Substitution Versus Price Pressure and the Effects of Information on Share Prices

1972 • 944 citations

Seasoned equity offerings

1986 • 943 citations

Dividend Policy under Asymmetric Information

1985 • 747 citations

Financial analysts' forecasts of earnings

1982 • 608 citations

On cross-sectional analysis in accounting research

1987 • 583 citations

THE SUPERIORITY OF ANALYST FORECASTS AS MEASURES OF EXPECTATIONS: EVIDENCE FROM EARNINGS

1978 • 462 citations

The Effect of Information Releases on the Pricing and Timing of Equity Issues

1991 • 431 citations

Cross-Sectional Dependence and Problems in Inference in Market-Based Accounting Research

1987 • 431 citations

Stock Splits and Stock Dividends: Why, Who, and When

1987 • 426 citations

Withdrawn Security Offerings

1988 • 414 citations

A comparison of equity carve-outs and seasoned equity offerings

1986 • 392 citations

The Effect of Voluntary Sell‐off Announcements on Shareholder Wealth

1985 • 315 citations

Announcement effects of new equity issues and the use of intraday price data

1988 • 310 citations

The Effect on Stock Price of Inclusion in or Exclusion from the S&P 500

1987 • 300 citations

Corporate Financial Policy, Information, and Market Expectations: An Empirical Investigation of Dividends

1987 • 222 citations

Equity Issues with Time-Varying Asymmetric Information

1992 • 205 citations

Open-market stock repurchases as signals for earnings and risk changes

1991 • 190 citations

An Investigation of Market Microstructure Impacts on Event Study Returns

1991 • 184 citations

Earnings and Risk Changes Surrounding Primary Stock Offers

1990 • 176 citations

Repurchase tender offers and earnings information

1991 • 176 citations

Stock Splits and Stock Dividends: Why, Who, and When

1987 • 136 citations

The Debt-Equity Choice

1988 • 131 citations

The Superiority of Analyst Forecasts as Measures of Expectations: Evidence from Earnings

1978 • 124 citations

Earnings and risk changes around stock repurchase tender offers

1991 • 122 citations

Common Stock Offerings and Earnings Expectations: A Test of the Release of Unfavorable Information

1992 • 106 citations

Corporate Dividends and Seasoned Equity Issues: An Empirical Investigation

1992 • 90 citations

The Effect of Voluntary Sell-Off Announcements on Shareholder Wealth

1985 • 82 citations

Analyses of the Distribution of Security Market Model Prediction Errors for Daily Returns Data

1986 • 72 citations

Size Effects of Seasoned Stock Issues: Empirical Evidence

1986 • 65 citations

An Investigation of Market Microstructure Impacts on Event Study Returns

1991 • 58 citations

Stock Index Futures: Does the Tail Wag the Dog?

1987 • 50 citations

The information content of equity-for-debt swaps

1989 • 31 citations

Earnings Expectations and Capital Restructuring: The Case of Equity-for-Debt Swaps

1988 • 27 citations

The Use of Changes in Equity Value as a Measure of the Information Content of Announcements of Changes in Financial Policy

1990 • 6 citations