Motivations for Public Equity Offers: An International Perspective

By Woojin Kim, Michael S. Weisbach. 2005

492 citations recorded by the source corpus.

Subfields: Accounting, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/4657dd52ab63a1c1dca190ee19b8bd78b9530ed0

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Citations in the corpus

Seasoned Equity Offerings, Market Timing, and the Corporate Lifecycle (2010, background): “extent of stockpiling of SEO proceeds than do Kim and Weisbach (2008). Section 4.”
Capital Supply Uncertainty, Cash Holdings, and Investment (2014, background): “…of investment with internal funds increases with asset tangibility and agency costs and decreases with cash flow volatility and market depth, and that when financing investment with external funds, firms should increase their cash reserves, consistent with Kim and Weisbach (2008) and McLean (2010).”
Overvalued Equity and Financing Decisions (2012, unknown): “The second type of evidence is the new issues puzzle—the return underperformance after new securities issues, with more severe underperformance after equity issuances than debt issuances (equity: Ritter (1991), Loughran and Ritter (1995); debt: Spiess and Affleck-Graves (1995)); and its counterpart,”
Going Public to Acquire? The Acquisition Motive in IPOs (2010, unknown): “This result confirms the findings in Kim and Weisbach (2008). In contrast to the evidence on cash M&A, however, proceeds from debt issuance have no explanatory power for R&D and CAPEX beyond the IPO year and are negatively related in the IPO year.”
The U.S. left behind? Financial globalization and the rise of IPOs outside the U.S. (2013, methodology): “Following Kim and Weisbach (2008), we remove 51 transactions that do not contain any information on proceeds raised.”
Syndicated Loan Spreads and the Composition of the Syndicate (2012, unknown): “To evaluate this hypothesis, we estimate equations similar to those in Kim and Weisbach (2008) that predict the fraction of an incremental dollar raised that goes to alternative uses.”
Financial Development and Industrial Pollution (2018, unknown): “In line with this, Kim and Weisbach (2008) find that a majority of the funds that firms raise in public stock issues is invested in R&D.”