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Trading and Manipulation Around Seasoned Equity Offerings
13 references·16 citing·45 second hop
Trading and Manipulation Around Seasoned Equity Offerings (1993)Trading and Manipulation Around Seasoned …Stock-Price Manipulation (1992)Stock-Price ManipulationMarket Manipulation, Bubbles, Corners, and Short Squeezes (1992)Market Manipulation, Bubbles,…Futures Manipulation with "Cash Settlement" (1992)Futures Manipulation with "Ca…The Effect of Information Releases on the Pricing and Timing of Equity Issues (1991)The Effect of Information Rel…An Investigation of Market Microstructure Impacts on Event Study Returns (1991)An Investigation of Market Mi…Estimating the components of the bid/ask spread (1988)Estimating the components of …Announcement effects of new equity issues and the use of intraday price data (1988)Announcement effects of new e…Constraints on short-selling and asset price adjustment to private information (1987)Constraints on short-selling …Why new issues are underpriced (1986)Why new issues are underpricedContinuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Sequential Equilibria (1982)Sequential EquilibriaTHE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS (1978)THE SUPPLY OF DEALER SERVICES…Alternative methods for raising capital (1977)Alternative methods for raisi…How Economic Policy Uncertainty Affects the Cost of Raising Equity Capital: Evidence from Seasoned Equity Offerings (2017)How Economic Policy Uncertain…Financial market misconduct and agency conflicts: A synthesis and future directions (2015)Financial market misconduct a…Exchange trading rules, surveillance and suspected insider trading (2015)Exchange trading rules, surve…Predatory Short Selling (2013)Predatory Short SellingShorting at Close Range: A Tale of Two Types (2012)Shorting at Close Range: A Ta…Revealing Shorts An Examination of Large Short Position Disclosures (2012)Revealing Shorts An Examinati…MARKET MANIPULATION: A SURVEY (2011)MARKET MANIPULATION: A SURVEYShort Selling Around Seasoned Equity Offerings (2010)Short Selling Around Seasoned…Exchange Trading Rules and Stock Market Liquidity (2009)Exchange Trading Rules and St…Detecting stock-price manipulation in an emerging market: The case of Turkey (2009)Detecting stock-price manipul…The Rise of Accelerated Seasoned Equity Underwritings (2008)The Rise of Accelerated Seaso…The Puzzling Increase in the Underpricing of Seasoned Equity Offerings (2004)The Puzzling Increase in the …Stock Market Manipulation - Theory and Evidence (2003)Stock Market Manipulation - T…Market Manipulation and the Role of Insider Trading Regulations (1997)Market Manipulation and the R…An Empirical Investigation of Short-Selling Activity Prior to Seasoned Equity Offerings (1996)An Empirical Investigation of…Global Market SurveillanceGlobal Market SurveillanceAn Economic Theory of Democracy. (1958)The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The effects of capital structure change on security prices (1980)Are There Economies of Scale in Underwriting Fees? Evidence of Rising External Financing Costs (2000)Financial Markets and Firm Dynamics (2001)Signaling Games and Stable Equilibria (1987)Predatory Trading (2005)Manipulation and the Allocational Role of Prices (2008)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Market microstructure and asset pricing: On the compensation for illiquidity in stock returns (1996)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Liquidity and stock returns: An alternative test (1998)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Informational Asymmetries, Financial Structure, and Financial Intermediation (1977)Corporate financing and investment decisions when firms have information that investors do not have (1984)Investment Banking and Securities Issuance (2003)Initial Public Offerings in Hot and Cold Markets (2004)Do firms have leverage targets? Evidence from acquisitions (2009)A Model of the Demand for Investment Banking Advising and Distribution Services for New Issues (1982)Investment banking, reputation, and the underpricing of initial public offerings (1986)Initial Public Offerings and Underwriter Reputation (1990)Information and the Cost of Capital (2004)Martingales and stochastic integrals in the theory of continuous trading (1981)Price, trade size, and information in securities markets (1987)Price Manipulation and Quasi-Arbitrage (2004)Stock Market Manipulations* (2006)Exchange trading rules and stock market liquidity☆ (2010)The Cost of Transacting (1968)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Optimal dealer pricing under transactions and return uncertainty (1981)Insiders' profits, costs of trading, and market efficiency (1986)Market liquidity as a sentiment indicator (2004)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Information Effects on the Bid-Ask Spread (1983)Market liquidity and volume around earnings announcements (1994)Differences of Opinion and the Cross Section of Stock Returns (2002)Differences of Opinion, Short-Sales Constraints, and Market Crashes (2003)Noise Trader Risk in Financial Markets (1990)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)An Evolutionary Approach to Norms (1986)Equilibrium Political Budget Cycles (1987)Domestic Political Audiences and the Escalation of International Disputes (1994)
this work references cited by second hop

References

  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1986Why new issues are underpriced2,788 cited
  • 1987Constraints on short-selling and asset price adjustment to private information1,796 cited
  • 1982Sequential Equilibria1,703 cited
  • 1988Estimating the components of the bid/ask spread1,612 cited
  • 1978THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS1,393 cited
  • 1992Stock-Price Manipulation623 cited
  • 1977Alternative methods for raising capital550 cited
  • 1991The Effect of Information Releases on the Pricing and Timing of Equity Issues425 cited
  • 1992Market Manipulation, Bubbles, Corners, and Short Squeezes394 cited
  • 1988Announcement effects of new equity issues and the use of intraday price data289 cited
  • 1992Futures Manipulation with "Cash Settlement"242 cited
  • 1991An Investigation of Market Microstructure Impacts on Event Study Returns192 cited

Cited by

  • 2010Short Selling Around Seasoned Equity Offerings174 cited
  • 2015Financial market misconduct and agency conflicts: A synthesis and future directions165 cited
  • 1996

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An Empirical Investigation of Short-Selling Activity Prior to Seasoned Equity Offerings
158 cited
  • 2013Predatory Short Selling119 cited
  • 2011MARKET MANIPULATION: A SURVEY115 cited
  • 1997Market Manipulation and the Role of Insider Trading Regulations111 cited
  • 2009Detecting stock-price manipulation in an emerging market: The case of Turkey111 cited
  • n.d.Global Market Surveillance102 cited
  • 2012Revealing Shorts An Examination of Large Short Position Disclosures96 cited
  • 2015Exchange trading rules, surveillance and suspected insider trading87 cited
  • 2008The Rise of Accelerated Seasoned Equity Underwritings81 cited
  • 2017How Economic Policy Uncertainty Affects the Cost of Raising Equity Capital: Evidence from Seasoned Equity Offerings81 cited
  • 2009Exchange Trading Rules and Stock Market Liquidity80 cited
  • 2004The Puzzling Increase in the Underpricing of Seasoned Equity Offerings77 cited
  • 2012Shorting at Close Range: A Tale of Two Types77 cited
  • 2003Stock Market Manipulation - Theory and Evidence77 cited