Is the Market Surprised by Poor Earnings Realizations Following Seasoned Equity Offerings?

The New Issues Puzzle

1995 • 839 citations

A Model of Investor Sentiment

1997 • 606 citations

Improved Methods for Tests of Long-Run Abnormal Stock Returns

1997 • 363 citations

Managerial Decisions and Long-Term Stock Price Performance

1998 • 259 citations

The Operating Performance of Firms Conducting Seasoned Equity Offerings

1997 • 248 citations

Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics

1996 • 242 citations

Good News for Value Stocks: Further Evidence on Market Efficiency

1997 • 239 citations

Analyst Following of Initial Public Offerings

1997 • 196 citations

Measuring Long-Horizon Security Price Performance

1995 • 139 citations

Seasoned Public Offerings: Resolution of the 'New Issues Puzzle'

2000 • 84 citations

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

1991 • 50 citations