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- W2079058905 abstract "We examine earnings forecast revisions by analysts subsequent to the announcement of private equity placements. Results show that analysts make significant upward revisions to their forecasts for current-year earnings. Furthermore, these forecast revisions are significantly related to announcement-period abnormal returns, but not to the risk changes accompanying the equity placement. These findings are consistent with the information hypothesis, which suggests that private equity placements convey favorable information about future earnings." @default.
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- W2079058905 date "1999-08-01" @default.
- W2079058905 modified "2023-09-26" @default.
- W2079058905 title "Private Placement of Common Equity and Earnings Expectations" @default.
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- W2079058905 doi "https://doi.org/10.1111/j.1540-6288.1999.tb00460.x" @default.
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