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Share Issuance and Factor Timing
16 references·14 citing·25 second hop
Share Issuance and Factor Timing (2012)Share Issuance and Factor TimingThe cost of capital, corporation finance and the theory of investment (2008)The cost of capital, corporat…Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…Payout policy in the 21st century (2005)Payout policy in the 21st cen…CEO incentives and earnings management (2004)CEO incentives and earnings m…Stock market driven acquisitions (2003)Stock market driven acquisiti…The theory and practice of corporate finance: evidence from the field (2001)The theory and practice of co…Forecasting Bankruptcy More Accurately: A Simple Hazard Model (2001)Forecasting Bankruptcy More A…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…Industry costs of equity (1997)Industry costs of equityMultifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…The New Issues Puzzle (1995)The New Issues PuzzleThe Limits of Arbitrage (1995)The Limits of ArbitrageCommon 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…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Cost of Capital, Corporat…What Drives the Size and Value Factors? (2022)What Drives the Size and Valu…The dynamic impact of monetary policy on financial stability in China after crises (2022)The dynamic impact of monetar…The Puzzle of Frequent and Large Issues of Debt and Equity (2021)The Puzzle of Frequent and La…Active and Passive Investing: Understanding Samuelson’s Dictum (2021)Active and Passive Investing:…Factor Premia and Factor Timing: A Century of Evidence (2019)Factor Premia and Factor Timi…Characteristic-Based Benchmark Returns and Corporate Events (2018)Characteristic-Based Benchmar…Economic Links and Cross-Predictability of Stock Returns: Evidence from Characteristic-Based “Styles” (2017)Economic Links and Cross-Pred…Industry Window Dressing (2016)Industry Window DressingWealth transfers via equity transactions (2015)Wealth transfers via equity t…Patent- and Innovation-Driven Performance in Venture Capital-Backed IPOs (2013)Patent- and Innovation-Driven…Firm size, timing, and earnings management of seasoned equity offerings (2013)Firm size, timing, and earnin…Financial Stability Monitoring (2013)Financial Stability MonitoringControlling shareholders and market timing in share issuance (2013)Controlling shareholders and …Behavioral Corporate Finance: A Current Survey (2012)Behavioral Corporate Finance:…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)A model of investor sentiment /The Behavior of Stock-Market Prices (1965)Market Liquidity and Funding Liquidity (2008)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)On Persistence in Mutual Fund Performance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)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)Managing with Style: The Effect of Managers on Firm Policies (2003)Law, finance, and economic growth in China (2005)The economic implications of corporate financial reporting (2005)Conditional Skewness in Asset Pricing Tests (2000)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)
this work references cited by second hop

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008The cost of capital, corporation finance and the theory of investment8,614 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 2006Investor Sentiment and the Cross‐Section of Stock Returns6,042 cited
  • 2001The theory and practice of corporate finance: evidence from the field5,947 cited
  • 1997Industry costs of equity5,793 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2001Forecasting Bankruptcy More Accurately: A Simple Hazard Model2,655 cited
  • 2004CEO incentives and earnings management2,270 cited
  • 2005Payout policy in the 21st century2,268 cited
  • 2003Stock market driven acquisitions

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  • 2013Financial Stability Monitoring48 cited
  • 2013Controlling shareholders and market timing in share issuance46 cited
  • 2021Active and Passive Investing: Understanding Samuelson’s Dictum46 cited
  • 2016Industry Window Dressing42 cited
  • 2022What Drives the Size and Value Factors?40 cited
  • 2015Wealth transfers via equity transactions32 cited
  • 2017Economic Links and Cross-Predictability of Stock Returns: Evidence from Characteristic-Based “Styles”29 cited
  • 2022The dynamic impact of monetary policy on financial stability in China after crises28 cited
  • 2013Patent- and Innovation-Driven Performance in Venture Capital-Backed IPOs26 cited
  • 2019Factor Premia and Factor Timing: A Century of Evidence26 cited
  • 2012Behavioral Corporate Finance: A Current Survey25 cited
  • 2021The Puzzle of Frequent and Large Issues of Debt and Equity25 cited