Share Issuance and Cross-Sectional Returns: International Evidence

By R. D. McLean, Jeffrey Pontiff, Akiko Watanabe, Brad Barber, David Chapman, Wayne E. Ferson, M. Huson, Masahiro Watanabe. 2009

173 citations recorded by the source corpus.

Subfields: Accounting, Finance

View Paper: https://www.semanticscholar.org/paper/c765be267e886339221b44b017fdda538e7872e6

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. X. Tian
2. Yan Xu
3. Po-Hsuan Hsu
4. Tong Yao
5. Tong Yu
6. Akiko Watanabe
7. Zhaoxia Xu
8. Samuele Murtinu

In Finance

1. Po-Hsuan Hsu
2. X. Tian
3. Tong Yao
4. Tong Yu
5. Akiko Watanabe
6. Yan Xu
7. Samuele Murtinu
8. Luca Grilli

Citations in the corpus

• Climate risks and market efficiency (2017, unknown): “We estimate the rolling mean and standard deviation of PDSI36m with past 70 years of data. Each month all country foodindustry portfolios are sorted into quintiles based on their standardized PDSI36m (denoted as PDSI36m*) from the previous month end and held for various horizons from 1 month to 12 m”
• Costly Arbitrage and Idiosyncratic Risk: Evidence from Short Sellers (2010, unknown): “There are several potential explanations for question (i), one of which is provided in Miller (1977). Miller hypothesizes that opinion divergence among investors coupled with short sale costs will create an upward bias in prices.”
• The Asset Growth Effect: Insights from International Equity Markets (2013, methodology): “Following McLean, Pontiff, and Watanabe (2009), if short selling was legal prior to 1990, we assume that short selling was allowed in each of the years prior to 1990.”
• Family Control and Financing Decisions (2011, unknown): “19 In unreported regressions, we use as dependent variable a dummy for equity issue based on the share issuance variable of McLean et al. (2009). We consider a firm as equity issuer in a given year if the change in the share issuance variable is at least 10%.”
• Financial development and innovation: Cross-country evidence (2014, background): “As suggested in Porter (1992), “To compete effectively in international markets, a nation’s businesses must continuously innovate and upgrade their competitive advantages.”