References
- Asquith , P and Mullins , D . 1986 . Equity issues and stock price dilution . Journal of Financial Economics , 15 : 61 – 90 .
- Barber , B and Lyon , J . 1997 . Detecting long-run abnormal stock returns: the empirical power and specification of test statistics . Journal of Financial Economics , 43 : 341 – 72 .
- Brav , A , Geczy , C and Gompers , P . 2000 . Is the abnormal return following equity issuances anomalous? . Journal of Financial Economics , 56 : 209 – 49 .
- Chen , KCW and Yuan , HQ . 2004 . Earnings management and capital resource allocation: evidence from the China's accounting-based regulation of rights issue . Accounting Review , 79 : 645 – 65 .
- Cronqvist , H and Nilsson , M . 2005 . The choice between rights offerings and private placements . Journal of Financial Economics , 78 : 375 – 407 .
- Dang , L and Yang , JJ . 2007 . The choice between rights and underwritten equity offerings: evidence from the Chinese stock markets Unpublished Working Paper
- Eckbo , BE and Masulis , RW . 1992 . Adverse selection and the rights offer paradox . Journal of Financial Economics , 32 : 293 – 332 .
- Eckbo , BE and Norli , O . (2004a) The choice of seasoned-equity selling mechanisms: theory and evidence, Working Paper No. 2004-15, Tuck School of Business.
- Eckbo , BE and Norli , O . (2004b) The equity flotation method pecking order, Unpublished Working Paper, Dartmouth College.
- Hertzel , M and Smith , L . 1993 . Market discounts and shareholder gains from placing equity privately . Journal of Finance , 48 : 459 – 85 .
- Jegadeesh , N . 2000 . Long-term performance of seasoned equity offerings: benchmark errors and biases in expectations . Financial Management , 29 : 5 – 30 .
- Jensen , MC . 1986 . Agency costs of free cash flow, corporate finance and takeovers . American Economic Review , 76 : 323 – 9 .
- Kang , JK and Stulz , RM . 1997 . Is bank-centered corporate governance worth it? A cross-sectional analysis of the performance of Japanese firms during the asset price deflation NBER Working Papers Series No. 6238, National Bureau of Economic Research, Inc
- Kato , K and Schallheim , JS . 1993 . Private equity financings in Japan and corporate grouping (Keiretsu) . Pacific-Basin Finance Journal , 1 : 287 – 307 .
- Kothari , S and Warner , J . 1997 . Measuring long-horizon security price performance . Journal of Financial Economics , 43 : 301 – 39 .
- Loughran , T and Ritter , JR . 1995 . The new issues puzzle . Journal of Finance , 50 : 23 – 51 .
- Loughran , T and Ritter , JR . 1997 . The operating performance of firms conducting seasoned equity offerings . Journal of Finance , 52 : 1823 – 50 .
- Miller , M and Rock , K . 1985 . Dividend policy under asymmetric information . Journal of Finance , 40 : 1031 – 51 .
- Myers , SC and Majluf , NS . 1984 . Corporate financing and investment decisions when firms have information that investors do not have . Journal of Financial Economics , 13 : 187 – 221 .
- Ritter , JR . 1991 . The long-run performance of initial public offerings . Journal of Finance , 46 : 3 – 27 .
- Scholes , M . 1972 . The market for securities: substitution versus price pressure and the effects of information on share price . Journal of Business , 45 : 179 – 211 .
- Spiess , DK and Affleck-Graves , J . 1995 . The long-run performance following seasoned equity offerings . Journal of Financial Economics , 38 : 269 – 96 .
- Teoh , SH , Welch , I and Wong , TJ . 1998 . Earnings management and the long-run market performance of initial public offering . Journal of Finance , 53 : 1935 – 74 .
- Wang , J , Wei , KCJ and Pruitt , SW . 2006 . An analysis of the share price and accounting performance of rights offerings in China . Pacific Basin Finance Journal , 14 : 49 – 72 .
- Wruck , KH . 1989 . Equity ownership concentration and firm value: evidence from private equity financings . Journal of Financial Economics , 23 : 3 – 28 .