References
- Acharya, V. V., and L. H. Pedersen. 2005. “Asset Pricing with Liquidity Risk.” Journal of Financial Economics 77 (2): 375–410. doi:https://doi.org/10.1016/j.jfineco.2004.06.007.
- Altinkiliç, O., and R. S. Hansen. 2000. “Are There Economies of Scale in Underwriting Fees? Evidence of Rising External Financing Costs.” Review of Financial Studies 13 (1): 191–218. doi:https://doi.org/10.1093/rfs/13.1.191.
- Altinkiliç, O., and R. S. Hansen. 2003. “Discount and Underpricing in Seasoned Equity Offers.” Journal of Financial Economics 69 (2): 285–323. doi:https://doi.org/10.1016/S0304-405X(03)00114-4.
- Bilinski, P., W. Liu, and N. Strong. 2012. “Does Liquidity Risk Explain Low Firm Performance Following Seasoned Equity Offerings?” Journal of Banking and Finance 36 (10) Elsevier B.V.: 2770–2785. doi:https://doi.org/10.1016/j.jbankfin.2012.07.009.
- Butler, A. W., G. Grullon, and J. P. Weston. 2005. “Stock Market Liquidity and the Cost of Issuing Equity.” Journal of Financial and Quantitative Analysis 40: 331–348. doi:https://doi.org/10.1017/s0022109000002337.
- Carlson, M., A. Fisher, and R. Giammarino. 2010. “SEO Risk Dynamics.” Review of Financial Studies 23 (11): 4026–4077. doi:https://doi.org/10.1093/rfs/hhq083.
- Chordia, T., R. Roll, and A. Subrahmanyam. 2011. “Recent Trends in Trading Activity and Market Quality.” Journal of Financial Economics 101 (2) Elsevier: 243–263. doi:https://doi.org/10.1016/j.jfineco.2011.03.008.
- Corwin, S. A. 2003. “The Determinants of Underpricing for Seasoned Equity Offers.” The Journal of Finance 58 (5): 2249–2279. doi:https://doi.org/10.1111/1540-6261.00604.
- Deshmukh, S., K. J. Gamble, and K. M. Howe. 2017. “Informed Short Selling around SEO Announcements.” Journal of Corporate Finance 46 (August 1988) Elsevier B.V.: 121–138. doi:https://doi.org/10.1016/j.jcorpfin.2017.05.013.
- Drucker, S., and M. Puri. 2005. “On the Benefits of Concurrent Lending and Underwriting.” The Journal of Finance 60 (6): 2763–2799. doi:https://doi.org/10.1111/j.1540-6261.2005.00816.x.
- Easley, D., N. M. Kiefer, and M. O’Hara. 1997. “The Information Content of the Trading Process.” Journal of Empirical Finance 4 (2–3): 159–186. doi:https://doi.org/10.1016/S0927-5398(97)00005-4.
- Evans, M. D. D., and R. K. Lyons. 2002. “Time-Varying Liquidity in Foreign Exchange.” Journal of Monetary Economics 49 (5): 1025–1051. doi:https://doi.org/10.1016/S0304-3932(02)00124-1.
- Foster, F. D., and S. Viswanathan. 1993. “Variations in Trading Volume, Return Volatility, and Trading Costs: Evidence on Recent Price Formation Models.” The Journal of Finance 48 (1): 187–211. doi:https://doi.org/10.1111/j.1540-6261.1993.tb04706.x.
- Frijns, B., F. Navissi, A. Tourani-Rad, and L. Tsai. 2006. “Stock Price Performance of Seasoned Equity Offerings: Completed Vs Withdrawn.” Managerial Finance 32 (3): 234–246. doi:https://doi.org/10.1108/03074350610646744.
- Graham, J. R., J. L. Koski, and U. Loewenstein. 2006. “Information Flow and Liquidity around Anticipated and Unanticipated Dividend Announcements.” The Journal of Business 79 (5): 2301–2336. doi:https://doi.org/10.1086/505236.
- Hasbrouck, J. 2009. “Trading Costs and Returns for U.S. Equities: Estimating Effective Costs from Daily Data.” The Journal of Finance 64 (3): 1445–1477. doi:https://doi.org/10.1111/j.1540-6261.2009.01469.x.
- Hauser, S., E. Kraizberg, and R. Dahan. 2003. “Price Behavior and Insider Trading around Seasoned Equity Offerings: The Case of Majority-Owned Firms.” Journal of Corporate Finance 9 (1): 183–199. doi:https://doi.org/10.1016/s0929-1199(02)00005-6.
- He, Y., J. Wang, and K. C. John Wei. 2014. “A Comprehensive Study of Liquidity before and after SEOs and SEO Underpricing.” Journal of Financial Markets 20 (1) Elsevier: 61–78. doi:https://doi.org/10.1016/j.finmar.2014.03.004.
- Huang, R. D., and H. R. Stoll. 1996. “Dealer versus Auction Markets: A Paired Comparison of Execution Costs on NASDAQ and the NYSE.” Journal of Financial Economics 41 (3): 313–357. doi:https://doi.org/10.1016/0304-405X(95)00867-E.
- Huang, Y., K. Uchida, and D. Zha. 2016. “Market Timing of Seasoned Equity Offerings with Long Regulative Process.” Journal of Corporate Finance 39 Elsevier B.V.: 278–294. doi:https://doi.org/10.1016/j.jcorpfin.2016.05.001.
- Karpoff, J. M., G. Lee, and R. W. Masulis. 2013. “Contracting under Asymmetric Information: Evidence from Lockup Agreements in Seasoned Equity Offerings.” Journal of Financial Economics 110 (3) Elsevier: 607–626. doi:https://doi.org/10.1016/j.jfineco.2013.08.015.
- Kryzanowski, L., S. Lazrak, and I. Rakita. 2010. “Behavior of Liquidity and Returns around Canadian Seasoned Equity Offerings.” Journal of Banking and Finance 34 (12) Elsevier B.V.: 2954–2967. doi:https://doi.org/10.1016/j.jbankfin.2010.07.009.
- Lee, C. M. C., B. Mucklow, and M. J. Ready. 1993. “Spreads, Depths, and the Impact of Earnings Information: An Intraday Analysis.” Review of Financial Studies 6: 345–374. doi:https://doi.org/10.1093/rfs/6.2.345.
- Lee, C. M. C., and M. J. Ready. 1991. “Inferring Trade Direction from Intraday Data.” The Journal of Finance 46 (2): 733–746. doi:https://doi.org/10.1111/j.1540-6261.1991.tb02683.x.
- Lee, G., and R. W. Masulis. 2009. “Seasoned Equity Offerings: Quality of Accounting Information and Expected Flotation Costs.” Journal of Financial Economics 92 (3) Elsevier: 443–469. doi:https://doi.org/10.1016/j.jfineco.2008.04.010.
- Li, X., and X. Zhao. 2006. “Propensity Score Matching and Abnormal Performance after Seasoned Equity Offerings.” Journal of Empirical Finance 13: 351–370. doi:https://doi.org/10.1016/j.jempfin.2005.10.003.
- Lin, J. C., and Y. L. Wu. 2013. “SEO Timing and Liquidity Risk.” Journal of Corporate Finance 19 (1) Elsevier B.V.: 95–118. doi:https://doi.org/10.1016/j.jcorpfin.2012.09.005.
- Liu, W. 2006. “A Liquidity-Augmented Capital Asset Pricing Model.” Journal of Financial Economics 82 (3): 631–671. doi:https://doi.org/10.1016/j.jfineco.2005.10.001.
- Marquardt, C. A., and C. I. Wiedman. 1998. “Voluntary Disclosure, Information Asymmetry, and Insider Selling through Secondary Equity Offerings.” Contemporary Accounting Research 15 (4): 505–537. doi:https://doi.org/10.1111/j.1911-3846.1998.tb00569.x.
- Miller, M. H., and K. Rock. 1985. “Dividend Policy under Asymmetric Information.” The Journal of Finance 40 (4): 1031–1051. doi:https://doi.org/10.1111/j.1540-6261.1985.tb02362.x.
- Mola, S., and T. Loughran. 2004. “Discount and Clustering in Seasoned Equity Offering Prices.” Journal of Financial and Quantitative Analysis 39 (1): 1–23. doi:https://doi.org/10.1017/s0022109000003860.
- Myers, S. C., and N. S. Majluf. 1984. “Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not Have.” Journal of Financial Economics 13 (2): 187–221. doi:https://doi.org/10.1016/0304-405X(84)90023-0.
- Pástor, Ľ., and R. F. Stambaugh. 2003. “Liquidity Risk and Expected Stock Returns.” Journal of Political Economy 111: 642–685. doi:https://doi.org/10.1086/374184.
- Riordan, R., and A. Storkenmaier. 2012. “Latency, Liquidity and Price Discovery.” Journal of Financial Markets 15 (4) Elsevier: 416–437. doi:https://doi.org/10.1016/j.finmar.2012.05.003.
- Shroff, N., A. X. Sun, H. D. White, and W. Zhang. 2013. “Voluntary Disclosure and Information Asymmetry: Evidence from the 2005 Securities Offering Reform.” Journal of Accounting Research 51: 1299–1345. doi:https://doi.org/10.1111/1475-679X.12022.