The Underreaction Hypothesis and the New Issue Puzzle: Evidence from Japan
收藏NBER1996-11-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5819
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资源简介：
This paper investigates the long-term performance of Japanese firms issuing convertible debt or equity. We find that these firms perform poorly even though the stock-price reaction to convertible debt and equity issue announcements is not significantly negative for Japanese firms and Japanese firms
提供机构：
美国国家经济研究局
创建时间：
1996-11-01
