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Determinants Of Valuation Effects For Security Offerings Of Commercial Bank Holding Companies

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  • James W. Wansley
  • Upinder S. Dhillon

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  • James W. Wansley & Upinder S. Dhillon, 1989. "Determinants Of Valuation Effects For Security Offerings Of Commercial Bank Holding Companies," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 12(3), pages 217-233, September.
    • Handle: RePEc:bla:jfnres:v:12:y:1989:i:3:p:217-233
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    File URL: http://hdl.handle.net/10.1111/j.1475-6803.1989.tb00515.x
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    References listed on IDEAS

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    1. Miller, Merton H & Rock, Kevin, 1985. "Dividend Policy under Asymmetric Information," Journal of Finance, American Finance Association, vol. 40(4), pages 1031-1051, September.
    2. 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.
    3. 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.
    4. Mikkelson, Wayne H., 1981. "Convertible calls and security returns," Journal of Financial Economics, Elsevier, vol. 9(3), pages 237-264, September.
    5. 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.
    6. Booth, James R. & Smith, Richard II, 1986. "Capital raising, underwriting and the certification hypothesis," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 261-281.
    7. Scott, Jonathan A. & Hempel, George H. & Peavy, John III, 1985. "The effect of stock-for-debt swaps on bank holding companies," Journal of Banking & Finance, Elsevier, vol. 9(2), pages 233-251, June.
    8. Sanger, Gary C. & McConnell, John J., 1986. "Stock Exchange Listings, Firm Value, and Security Market Efficiency: The Impact of NASDAQ," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 21(1), pages 1-25, March.
    9. Mikkelson, Wayne H. & Partch, M. Megan, 1986. "Valuation effects of security offerings and the issuance process," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 31-60.
    10. R. Alton Gilbert & Courtenay C. Stone & Michael E. Trebing, 1985. "The new bank capital adequacy standards," Review, Federal Reserve Bank of St. Louis, vol. 67(May), pages 12-20.
    11. Masulis, Ronald W, 1980. "Stock Repurchase by Tender Offer: An Analysis of the Causes of Common Stock Price Changes," Journal of Finance, American Finance Association, vol. 35(2), pages 305-319, May.
    12. Dann, Larry Y. & Mikkelson, Wayne H., 1984. "Convertible debt issuance, capital structure change and financing-related information : Some new evidence," Journal of Financial Economics, Elsevier, vol. 13(2), pages 157-186, June.
    13. Masulis, Ronald W., 1980. "The effects of capital structure change on security prices : A study of exchange offers," Journal of Financial Economics, Elsevier, vol. 8(2), pages 139-178, June.
    14. Asquith, Paul & Mullins, David Jr., 1986. "Equity issues and offering dilution," Journal of Financial Economics, Elsevier, vol. 15(1-2), pages 61-89.
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    Cited by:

    1. Kashyap, Anil K. & Stein, Jeremy C., 1995. "The impact of monetary policy on bank balance sheets," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 42(1), pages 151-195, June.
    2. Kenneth A. Carow & Valentina Salotti, 2014. "The U.S. Treasury'S Capital Purchase Program: Treasury'S Selectivity And Market Returns Across Weak And Healthy Banks," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 37(2), pages 211-241, June.
    3. Li, Hui & Liu, Hong & Siganos, Antonios & Zhou, Mingming, 2016. "Bank regulation, financial crisis, and the announcement effects of seasoned equity offerings of US commercial banks," Journal of Financial Stability, Elsevier, vol. 25(C), pages 37-46.
    4. Elizabeth Laderman, 1994. "Wealth effects of bank holding company securities issuance and loan growth under the risk-based capital requirements," Economic Review, Federal Reserve Bank of San Francisco, pages 30-41.
    5. Li, Hui & Liu, Hong & Veld, Chris, 2019. "The effects of bank regulation stringency on seasoned equity offering announcements," Journal of International Money and Finance, Elsevier, vol. 91(C), pages 71-85.
    6. Jorge, José, 2009. "Why do bank loans react with a delay to shifts in interest rates? A bank capital explanation," Economic Modelling, Elsevier, vol. 26(5), pages 799-806, September.
    7. Keith D. Harvey & M. Cary Collins & James W. Wansley, 2003. "The Impact of Trust‐Preferred Issuance on Bank Default Risk and Cash Flow: Evidence from the Debt and Equity Securities Markets," The Financial Review, Eastern Finance Association, vol. 38(2), pages 235-256, May.
    8. Aigbe Akhigbe & Jeff Madura, 1999. "Intraindustry Effects of Bank Stock Repurchases," Journal of Financial Services Research, Springer;Western Finance Association, vol. 15(1), pages 23-36, February.

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