Long-Run Performance and Insider Trading in Completed and Canceled Seasoned Equity Offerings

By Jonathan Clarke, Craig G. Dunbar, Kathleen M. Kahle. Journal of Financial and Quantitative Analysis, 2001

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Opportunism as a Firm and Managerial Trait: Predicting Insider Trading Profits and Misconduct (2017, background): “Kahle (20 0 0) and Clarke et al. (2001) show that insider trading is associated with subsequent long-run abnormal performance after seasoned equity offerings.”
Economic Sources of Gain in Stock Repurchases (2004, background): “, Vermaelen (1981) or Comment and Jarrell (1991)). Yet in recent years, several studies including papers on repurchases (Ikenberry, Lakonishok, and Vermaelen (1995), (2000)) find long-term return drifts following many different types of corporate transactions and suggest that the initial market reac”
A Comparison of the Motivations for and the Information Content of Different Types of Equity Offerings (2004, background): “For an analysis of canceled offerings, see Clarke, Dunbar, and Kahle (2001).”
CEO network centrality and merger performance (2015, background): “performance of the firm (e.g., Seyhun, 1992; Clarke et al., 2001).”
Analyst Coverage and the Cost of Raising Equity Capital: Evidence from Underpricing of Seasoned Equity Offerings (2008, methodology): “, Clarke et al. 2001) as important determinants of whether the SEO will be eventually completed at the time of SEO announcement. We regress the abnormal trading volume measure on analyst coverage and these control variables, and the results are reported in Table 2. We find that analyst coverage is n”