The Demise of the Rights Issue

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

1984 • 18,167 citations

Stock Market Prices Do Not Follow Random Walks: Evidence from a Simple Specification Test

1988 • 3,715 citations

Dividend Policy under Asymmetric Information

1985 • 3,145 citations

Two Agency-Cost Explanations of Dividends

1984 • 3,128 citations

Estimating betas from nonsynchronous data

1977 • 2,887 citations

Stock return variances

1986 • 1,878 citations

GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS

1982 • 1,678 citations

Equity issues and offering dilution

1986 • 1,479 citations

The option pricing model and the risk factor of stock

1976 • 1,293 citations

Valuation effects of security offerings and the issuance process

1986 • 1,281 citations

Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures

1986 • 1,047 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

The costs of going public

1987 • 723 citations

Capital raising, underwriting and the certification hypothesis

1986 • 700 citations

PRICE IMPACTS OF BLOCK TRADING ON THE NEW YORK STOCK EXCHANGE

1972 • 683 citations

Alternative methods for raising capital

1977 • 586 citations

The effects of capital structure change on security prices

1980 • 541 citations

The effect of large block transactions on security prices: A cross-sectional analysis

1987 • 501 citations

Time-Variation in Expected Returns

1988 • 489 citations

The Buying and Selling Behavior of Individual Investors at the Turn of the Year

1988 • 439 citations

Vas Ist Das?

1983 • 433 citations

A comparison of equity carve-outs and seasoned equity offerings

1986 • 392 citations

Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures

1986 • 303 citations

Stock price effects and costs of secondary distributions

1985 • 296 citations

Trading rules, large blocks and the speed of price adjustment

1977 • 203 citations

Issuing costs to existing shareholders in competitive and negotiated underwritten public utility equity offerings

1986 • 134 citations

Rights Versus Underwritten Offerings: An Asymmetric Information Approach

1986 • 132 citations

Firm value and seasoned equity issues

1987 • 129 citations

Price Impacts of Block Trading on the New York Stock Exchange

1972 • 121 citations

The Buying and Selling Behavior of Individual Investors at the Turn of the Year

1988 • 121 citations

Direct Equity Financing: A Resolution of a Paradox

1982 • 108 citations

Tests for Price Effects of New Issues of Seasoned Securities

1982 • 95 citations

The effect of pre-emptive right amendments on shareholder wealth

1983 • 61 citations

The Over-Allotment Option and Equity Financing Flotation Costs: An Empirical Investigation

1987 • 45 citations

CHANGES IN CAPITAL STRUCTURE, NEW EQUITY ISSUES, AND SCALE EFFECTS

1985 • 45 citations

The pricing of supershares

1978 • 40 citations

Impacts of New Equity Sales upon Electric Utility Share Prices

1985 • 36 citations

On the Rightholders' subscription to the underwritten rights offering

1986 • 25 citations

Negotiation vs. Competitive Bidding in the Sale of Securities by Public Utilities

1978 • 25 citations

ANNOUNCEMENT EFFECTS OF WITHDRAWN SECURITY OFFERINGS: EVIDENCE ON THE WEALTH REDISTRIBUTION HYPOTHESIS

1986 • 21 citations

The Subscription Price in Rights Offerings

1972 • 16 citations

Risk, Dividend Policy, and the Optimal Pricing of a Rights Offering: Comment

1971 • 10 citations

Direct Equity Financing; A Resolution of a Paradox: A Reply

1984 • 6 citations

THE ALLOCATION RATIO DECISION IN THE UNDERWRITTEN RIGHTS OFFERING

1984 • 2 citations

Private equity financing

1988 • 2 citations