Voluntary Disclosure and Equity Offerings: Reducing Information Asymmetry or Hyping the Stock?

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1984 • 18,167 citations

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1997 • 3,499 citations

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1995 • 3,411 citations

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1993 • 2,760 citations

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1998 • 2,727 citations

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1999 • 1,965 citations

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 …

1998 • 1,721 citations

Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

1999 • 1,595 citations

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1986 • 1,479 citations

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1994 • 1,421 citations

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1998 • 1,318 citations

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1986 • 1,281 citations

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1995 • 1,079 citations

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1986 • 1,024 citations

Seasoned equity offerings

1986 • 943 citations

Earnings management and the performance of seasoned equity offerings1I gratefully acknowledge the comments and suggestions of Philip Berger, Patricia Dechow, Kenneth Gaver (the referee), Robert Holthausen, Wayne Mikkelson (the editor), and Richard Sloan. I also thank Andrew Alford, Brad Barber, Randolph Beatty, Ilia Dichev, Paul Fisher, Gary Gorton, Paul Griffin, David Larcker, Mark Low, Patricia O'Brien, Madhav Rajan, Jay Ritter, Mark Vargus, Robert Verrecchia, Franco Wong, and workshop …

1998 • 894 citations

The New Issues Puzzle

1995 • 839 citations

Discretionary Disclosure and External Financing

1995 • 673 citations

The Effect of Investment Banking Relationships on Financial Analysts' Earnings Forecasts and Investment Recommendations*

1995 • 671 citations

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

1991 • 431 citations

Do Firms Knowingly Sell Overvalued Equity?

1997 • 292 citations

Conflict of interest and the credibility of underwriter analyst recommendations

1999 • 260 citations

Evidence That Management Discussion and Analysis (MD&A) is a Part of a Firm's Overall Disclosure Package*

1999 • 210 citations

Voluntary Disclosure, Information Asymmetry, and Insider Selling through Secondary Equity Offerings*

1998 • 161 citations

The Relation between Analysts' Forecasts of Long-Term Earnings Growth and Stock Price Performance Following Equity Offerings

1999 • 130 citations

Do Firms Knowingly Sell Overvalued Equity?

1997 • 95 citations

The Effect of Investment Banking Relationships on Financial Analysts' Earnings Forecasts and Investment Recommendations

1995 • 65 citations

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

1991 • 50 citations

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2000 • 37 citations

Voluntary Disclosure, Information Asymmetry, and Insider Selling through Secondary Equity Offerings

1999 • 32 citations

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2008 • 2 citations

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1976 • 2 citations

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2017 • 1 citations