Earnings management and the underperformance of seasoned equity offerings11We thank Brad Barber (the referee), Randy Beatty, Vic Bernard, K.C. Chan, Kent Daniel, M. DeFond, Laura Field, David Heike, Chuan Yang Hwang, Jonathan Karpoff, S.P. Kothari, Charles Lee, Wayne Mikkelson (the editor), Tim Opler, Krishna Palepu, K. Ramesh, Jay Ritter, Terry Shevlin, Doug Skinner, Sheridan Titman, Ross Watts, Jerry Zimmerman, and seminar participants at the University of California Finance and Accounting …

Common risk factors in the returns on stocks and bonds

1993 • 26,177 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

Earnings Management During Import Relief Investigations

1991 • 8,024 citations

Industry costs of equity

1997 • 5,967 citations

Detecting Earnings Management

1994 • 5,500 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

The New Issues Puzzle

1995 • 3,411 citations

Detecting long-run abnormal stock returns: The empirical power and specification of test statistics

1997 • 2,839 citations

Debt covenant violation and manipulation of accruals

1994 • 2,796 citations

Earnings Management and the Long‐Run Market Performance of Initial Public Offerings

1998 • 2,367 citations

Evidence on the Characteristics of Cross Sectional Variation in Stock Returns

1997 • 1,718 citations

The Operating Performance of Firms Conducting Seasoned Equity Offerings

1997 • 1,102 citations

Underperformance in long-run stock returns following seasoned equity offerings

1995 • 1,079 citations

Measuring long-horizon security price performance

1997 • 1,071 citations

The Post‐Issue Operating Performance of IPO Firms

1994 • 910 citations

The Long-Run Performance of Initial Public Offerings

1991 • 889 citations

A Market-Based Evaluation of Discretionary Accrual Models

1996 • 848 citations

The New Issues Puzzle

1995 • 839 citations

Ownership and operating performance of companies that go public

1997 • 781 citations

Are Accruals during Initial Public Offerings Opportunistic?

1998 • 686 citations

Earnings management preceding management buyout offers

1994 • 535 citations

Evidence on the Characteristics of Cross Sectional Variation in Stock Returns

1997 • 528 citations

Earnings Management and the Long-Term Market Performance of Initial Public Offerings

1994 • 364 citations

The Post-Issue Operating Performance of IPO Firms

1994 • 326 citations

Earnings and Risk Changes Surrounding Primary Stock Offers

1990 • 176 citations

Extensions and violations of the statutory SEC form 10-K filing requirements

1994 • 172 citations

Corporate Earnings and Financings: An Empirical Analysis

1990 • 162 citations

Discussion of a Market-Based Evaluation of Discretionary Accrual Models

1996 • 158 citations

Accounting: the Language of Business

1974 • 81 citations

Earnings around Seasoned Equity Offerings: Are They Overstated?

1995 • 23 citations