The New Issues Puzzle

The Cross‐Section of Expected Stock Returns

1992 • 15,031 citations

Risk, Return, and Equilibrium: Empirical Tests

1973 • 14,580 citations

The relationship between return and market value of common stocks

1981 • 6,052 citations

Contrarian Investment, Extrapolation, and Risk

1994 • 4,396 citations

The Long‐Run Performance of initial Public Offerings

1991 • 3,447 citations

Further Evidence On Investor Overreaction and Stock Market Seasonality

1987 • 2,330 citations

Persuasive evidence of market inefficiency

1985 • 2,037 citations

Market underreaction to open market share repurchases

1995 • 1,824 citations

Equity issues and offering dilution

1986 • 1,479 citations

Fundamentals and Stock Returns in Japan

1991 • 1,389 citations

Initial public offerings: International insights

1994 • 1,290 citations

INITIAL PUBLIC OFFERINGS

1988 • 1,285 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

Underperformance in long-run stock returns following seasoned equity offerings

1995 • 1,079 citations

The underpricing of initial public offerings and the partial adjustment phenomenon

1993 • 1,014 citations

Venture capitalists and the decision to go public

1994 • 1,014 citations

Seasoned equity offerings

1986 • 943 citations

The Post‐Issue Operating Performance of IPO Firms

1994 • 910 citations

Public Regulation of the Securities Markets

1964 • 711 citations

Equity Issues and Stock Price Dynamics

1990 • 695 citations

Common stock offerings across the business cycle

1993 • 659 citations

Asymmetric Information, Corporate Finance, and Investment

1990 • 657 citations

Risk, Return, and Equilibrium

1971 • 576 citations

The Long-Run Performance of Initial Public Offerings: The UK Experience 1980-1988

1993 • 498 citations

An empirical investigation of IPO returns and subsequent equity offerings

1993 • 456 citations

The Cross‐Section of Realized Stock Returns: The Pre‐COMPUSTAT Evidence

1994 • 384 citations

Price stabilization in the market for new issues

1993 • 232 citations

Earnings and Risk Changes Surrounding Primary Stock Offers

1990 • 176 citations

Market microstructure and asset pricing

1990 • 174 citations

Corporate Earnings and Financings: An Empirical Analysis

1990 • 162 citations

Seasoned Equity Offerings: A Survey

1995 • 155 citations

NYSE vs NASDAQ returns

1993 • 149 citations

Equity Rights Issues and the Efficiency of the UK Stock Market

1979 • 142 citations

Understanding Stock Price Behavior around the Time of Equity Issues

1989 • 138 citations

The pricing of equity offerings

1991 • 136 citations

Firm value and seasoned equity issues

1987 • 129 citations

Differences in the Risks and Returns of NYSE and NASD Stocks

1993 • 79 citations

Investment Banking and the New Issues Market.

1969 • 46 citations

Optimal Exercise of the Over-Allotment Option in IPOs

1992 • 28 citations

Common Stock Price Effects of Security Issues Conditioned by Current Earnings and Dividend Announcements

1993 • 16 citations