Share Issuance and Cross‐sectional Returns

By Jeffrey Pontiff, A. Woodgate. 2008

581 citations recorded by the source corpus.

View Paper: https://www.semanticscholar.org/paper/a49487518f8adde358fc15f79aefc2329b2cc02e

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Citations in the corpus

Digesting Anomalies: An Investment Approach (2015, methodology): “Prior to 1988, we use the balance-sheet approach in Richardson et al. (2005) to measure total accruals (TA) as WC+ NCO + FIN .”
On the Scope and Drivers of the Asset Growth Effect (2011, unknown): “PW measure: Growth in split-adjusted shares outstanding based on Pontiff and Woodgate (2008), where split-adjusted shares outstanding are defined as (Compustat Data 25, t − 1) × (Compustat Data 27, t − 1).”
Predicting anomaly performance with politics, the weather, global warming, sunspots, and the stars. (2014, background): “…Prior five year’s stock performance excluding the most recent year Monthly De Bondt and Thaler (1987) Net issuance Net stock issuance Monthly Pontiff and Woodgate (2008), Fama and French (2008) Earnings quality Accruals Annual Sloan (1996) Asset growth Change in totla assets Annual…”
Average Returns, B/M, and Share Issues (2008, methodology): “Confirming Pontiff and Woodgate (2006), we find that the forecast power of net share issues observed for ABT stocks for 1963-2006 is absent in the earlier period.”
Style investing, comovement and return predictability. (2013, unknown): “The specifications are similar to those of Fama and French (1992) for monthly horizons and Pontiff and Woodgate (2008) for longer horizons.”
Idiosyncratic Risk, Long-Term Reversal, and Momentum (2010, background): “it must be that costs limit arbitrageurs in their efforts at keeping markets efficient (see Scholes (1972), Shiller (1984), De Long, Shleifer, Summers, and Waldmann (1990), Pontiff (1996), (2006), Shleifer and Vishny (1997), and Barberis and Thaler (2003)).”
A Comparison of New Factor Models (2017, background): “…investment growth, Anderson and Garcia-Feijoo (2006) Anderson and Garcia-Feijoo (2006) Nsi Net stock issues, dIi % change in investment − % change in industry Pontiff and Woodgate (2008) investment, Abarbanell and Bushee (1998) Cei Composite equity issuance, Cdi Composite debt issuance, Daniel…”
Issuer Quality and Corporate Bond Returns (2013, unknown): “ 18 See also Fama and French (2008), and Pontiff and Woodgate (2008) for firm-level stock returns; Baker and Wurgler (2000) and Greenwood and Hanson (2012) for equity market and equity-factor returns; and Baker, Greenwood, and Wurgler…”