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• W3122390419 abstract "Abstract Higher first-year post-issue returns are associated with a significantly higher probability of follow-on equity issuance over the next 5 years. This result holds when we control for pre-issue returns and other factors known to affect the probability of equity issuance. The result is most consistent with the market feedback hypothesis that a high post-issue return encourages managers to increase the firm’s investment because it implies that, in the market’s view, the marginal return to the project is high." @default.
• W3122390419 created "2021-02-01" @default.
• W3122390419 creator A5040019375 @default.
• W3122390419 creator A5056338490 @default.
• W3122390419 date "2010-04-28" @default.
• W3122390419 modified "2023-09-23" @default.
• W3122390419 title "Market Feedback and Equity Issuance: Evidence from Repeat Equity Issues" @default.
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• W3122390419 doi "https://doi.org/10.1017/s0022109010000268" @default.
• W3122390419 hasPublicationYear "2010" @default.
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