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The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
16 references·2 citing·39 second hopsampled
The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan (1998)The Underreaction Hypothesis and the New …Managerial Decisions and Long-Term Stock Price Performance (1998)Managerial Decisions and Long…Measuring long-horizon security price performance (1997)Measuring long-horizon securi…Market Efficiency, Long-Term Returns, and Behavioral Finance (1997)Market Efficiency, Long-Term …Detecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-Reactions (1997)A Theory of Overconfidence, S…Timing, investment opportunities, managerial discretion, and the security issue decision (1996)Timing, investment opportunit…How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues (1996)How Different Is Japanese Cor…Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics (1996)Detecting Long-Run Abnormal S…Market underreaction to open market share repurchases (1995)Market underreaction to open …Market Underreaction to Open Market Share Repurchases (1994)Market Underreaction to Open …Market Discounts and Shareholder Gains for Placing Equity Privately (1993)Market Discounts and Sharehol…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Fundamentals and Stock Returns in Japan (1991)Fundamentals and Stock Return…Does the Stock Market Overreact? (1985)Does the Stock Market Overrea…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…The Long-Run Performance of Seasoned Equity Offerings with Rights: Evidence from the Swiss Market (2000)The Long-Run Performance of S…Investor Reaction to Corporate Event Announcements: Under-Reaction or Over-Reaction? (2000)Investor Reaction to Corporat…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Investor Psychology and Security Market Under‐ and Overreactions (1998)Chapter 18 A survey of behavioral finance (2003)The choice among bank debt, non-bank private debt, and public debt: evidence from new corporate borrowings (2003)Using daily stock returns (1985)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Separation of Ownership and Control (1983)Sorting things out: valuation of new firms in uncertain markets (2003)Business Groups and Tunneling: Evidence from Private Securities Offerings by Korean Chaebols (2006)Uncertainty, Financial Frictions, and Investment Dynamics (2014)Determinants of corporate borrowing (1977)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)The General Theory of Employment, Interest and Money, by John Maynard Keynes (1936)The General Theory of Employment, Interest and Money. (1936)Judgment Under Uncertainty: Heuristics and Biases. (1984)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Uniformly least powerful tests of market efficiency (2000)Short-sellers, fundamental analysis, and stock returns (2001)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Evidence on the Characteristics of Cross Sectional Variation in Stock Returns (1997)The Stock Market Valuation of Research and Development Expenditures (2001)Asset Growth and the Cross‐Section of Stock Returns (2008)Investor psychology in capital markets: evidence and policy implications (2002)Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions (2003)Replicating Anomalies (2018)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1985Does the Stock Market Overreact?7,569 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 1997Market Efficiency, Long-Term Returns, and Behavioral Finance1,278 cited
  • 1997Measuring long-horizon security price performance991 cited
  • 1996Timing, investment opportunities, managerial discretion, and the security issue decision926 cited
  • 1993Market Discounts and Shareholder Gains for Placing Equity Privately662 cited
  • 1994Market Underreaction to Open Market Share Repurchases527 cited
  • 1998Managerial Decisions and Long-Term Stock Price Performance460 cited
  • 1991Fundamentals and Stock Returns in Japan353 cited
  • 1996How Different Is Japanese Corporate Finance? An Investigation of the Information Content of New Security Issues276 cited
  • 1997A Theory of Overconfidence, Self-Attribution, and Security Market Under- and Over-Reactions

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190 cited
  • 1996Detecting Long-Run Abnormal Stock Returns: The Empirical Power and Specification of Test Statistics170 cited
  • Cited by

    • 2000Investor Reaction to Corporate Event Announcements: Under-Reaction or Over-Reaction?35 cited
    • 2000The Long-Run Performance of Seasoned Equity Offerings with Rights: Evidence from the Swiss Market27 cited