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Equity Issues And Tobin'S Q: New Evidence Regarding Alternative Information Release Hypotheses

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  • Peter A. Brous
  • Omesh Kini

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  • Peter A. Brous & Omesh Kini, 1992. "Equity Issues And Tobin'S Q: New Evidence Regarding Alternative Information Release Hypotheses," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 15(4), pages 323-339, December.
    • Handle: RePEc:bla:jfnres:v:15:y:1992:i:4:p:323-339
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1992.tb00116.x
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    References listed on IDEAS

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    1. Lease, Ronald C & Masulis, Ronald W & Page, John R, 1991. "An Investigation of Market Microstructure Impacts on Event Study Returns," Journal of Finance, American Finance Association, vol. 46(4), pages 1523-1536, September.
    2. Jensen, Michael C, 1986. "Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers," American Economic Review, American Economic Association, vol. 76(2), pages 323-329, May.
    3. Miller, Merton H & Rock, Kevin, 1985. "Dividend Policy under Asymmetric Information," Journal of Finance, American Finance Association, vol. 40(4), pages 1031-1051, September.
    4. Myers, Stewart C. & Majluf, Nicholas S., 1984. "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Elsevier, vol. 13(2), pages 187-221, June.
    5. Easterbrook, Frank H, 1984. "Two Agency-Cost Explanations of Dividends," American Economic Review, American Economic Association, vol. 74(4), pages 650-659, September.
    6. Stewart C. Myers & Nicholas S. Majluf, 1984. "Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have," NBER Working Papers 1396, National Bureau of Economic Research, Inc.
    7. Masulis, Ronald W. & Korwar, Ashok N., 1986. "Seasoned equity offerings : An empirical investigation," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 91-118.
    8. Pound, John, 1988. "The information effects of takeover bids and resistance," Journal of Financial Economics, Elsevier, vol. 22(2), pages 207-227, December.
    9. Brous, Peter Alan, 1992. "Common Stock Offerings and Earnings Expectations: A Test of the Release of Unfavorable Information," Journal of Finance, American Finance Association, vol. 47(4), pages 1517-1536, September.
    10. Hansen, Robert S & Crutchley, Claire, 1990. "Corporate Earnings and Financings: An Empirical Analysis," The Journal of Business, University of Chicago Press, vol. 63(3), pages 347-371, July.
    11. Asquith, Paul & Mullins, David Jr., 1986. "Equity issues and offering dilution," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 61-89.
    12. McFarland, Henry, 1987. "Did Railroad Deregulation Lead to Monopoly Pricing? An Application of q," The Journal of Business, University of Chicago Press, vol. 60(3), pages 385-400, July.
    13. Healy, Pm & Palepu, Kg, 1990. "Earnings And Risk Changes Surrounding Primary Stock Offers," Journal of Accounting Research, Wiley Blackwell, vol. 28(1), pages 25-48.
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    Cited by:

    1. Onur Arugaslan & Louise Miller, 2006. "On the Conditioning of the Financial Market’s Reaction to Seasoned Equity Offerings," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(2), pages 141-154, Jul-Dec.
    2. Akjhigbe, Aigbe & Harikumar, T., 1996. "Seasoned equity offerings by all-equity firms," International Review of Economics & Finance, Elsevier, vol. 5(4), pages 417-428.

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