Long-Term Performance of Seasoned Equity Offerings: Benchmark Errors and Biases in Expectations

By Narasimhan Jegadeesh. 2000

241 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/5e0064aa04bbdf8779c871c7d915bb46c00bf7ee

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Citations in the corpus

Why does IPO Volume Fluctuate so Much (2003, unknown): “However, the number of CRSP-listed firms exhibits large discrete jumps in 1963 and 1972 when Amex and Nasdaq firms are added (see, e.g., Jegadeesh, 2000).”
Value of Analyst Recommendations: International Evidence (2006, unknown): “To allow for this cross-sectional dependence in our statistical tests, we follow the approach in Jegadeesh (2000).”
The Impact of Firm Location on Equity Issuance (2008, background): “For papers that address potential market timing by new issue firms see Burch, Christie, and Nanda (2004), Jegadeesh (2000), Jensen (2005), and Loughran and Ritter (1995).”
Co-determination of capital structure and stock returns--A LISREL approach: An empirical test of Taiwan stock markets (2010, unknown): “Jegadeesh (2000) also found that equity issuers have low subsequent returns, which is consistent with the idea that firms issue equity when the cost of equity is relatively low.”
Are Bank Loans Special? Evidence on the Post-Announcement Performance of Bank Borrowers (2006, background): “Jegadeesh (2000), Brous, Datar, and Kini (2001), and Denis and Sarin (2001) examine announcement returns to quarterly earnings announcements following SEOs.”
Capital Structure Decisions: Which Factors are Reliably Important? (2009, unknown): “(8)The evidence that equity issuers have low subsequent abnormal returns shows up in a number of studies (see, e.g., Loughan and Ritter, 1995; Jegadeesh, 2000).”
A Financing-Based Misvaluation Factor and the Cross Section of Expected Returns (2010, background): “Consistent with market expectational errors, Jegadeesh(2000) documents that the stock market reacts unfavorably to earnings announcements subsequent to new issues.”
Is the Market Surprised by Poor Earnings Realizations following Seasoned Equity Offerings? (2001, unknown): “Brav, Geczy, and Gompers (2000), Eckbo, Masulis, and Norli (2000), Jegadeesh (1998), and Mitchell and Stafford (2000) all show that the magnitude (and, perhaps, the existence) of SEO issuer long-run underperformance is sensitive to the manner in which expected returns are measured.”
Investment Banking and Securities Issuance (2003, methodology): “3 Jegadeesh (2000) and Brav, Geczy and Gompers (2000) also adjust for momentum, in addition to size”
Investor Psychology in Capital Markets: Evidence and Policy Implications (2001, unknown): “New issue firms perform especially badly at subsequent earnings announcement dates relative to a control group (Jegadeesh (2000), Denis and Sarin (2001)).”
EVIDENCE TO SUPPORT THE FOUR-FACTOR PRICING MODEL FROM THE CANADIAN STOCK MARKET (2004, methodology): “Following Carhart (1997), Brav, Geczy and Gompers (2000), Eckbo, Masulis and Norli (2000), Jegadeesh (2000), and Liew and Vassalou (2000), we use a four-factor pricing model (FFPM).”
The aftermarket performance of initial public offerings in Canada (2004, unknown): “Jegadeesh (2000) concludes that the bootstrapping approach is cumbersome to implement.”