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Applied Economics Letters Volume 20, 2013 - Issue 17
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Original Articles

The new issues puzzle: evidence from non-US firms

Turan G. BaliMcDonough School of Business, Georgetown University, Washington, DC20057, USA
,
Nusret CakiciSchool of Business, Fordham University, New York, NY10019, USA
&
Frank J. FabozziEDHEC Business School, BP3116 06202Nice Cedex 3, FranceCorrespondence[email protected]
Pages 1586-1591 | Published online: 28 Aug 2013

References

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  • Ikenberry, D., Lakonishok, J. and Vermaelen, T. (1995) Market underreaction to open market share repurchases, Journal of Financial Economics, 39, 181–208.
  • Ince, O. S. and Porter, R. B. (2006) Individual equity return data from Thomson Datastream: handle with care!, Journal of Financial Research, 29, 463–79.
  • Jegadeesh, N. (2000) Long-term performance of seasoned equity offerings: benchmark errors and biases in expectations, Financial Management, 29, 5–30.
  • Loughran, T. and Ritter, J. R. (1995) The new issues puzzle, Journal of Finance, 50, 23–51.
  • McLean, R. D., Pontiff, J. and Watanabe, A. (2009) Share issuance and cross-sectional returns: international evidence, Journal of Financial Economics, 94, 1–17.
  • Spiess, K. D. and Affleck-Graves, J. (1995) The long-run performance following seasoned equity issues, Journal of Financial Economics, 38, 243–67.

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