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The long-run stock performance of preferred stock issuers


  • Howe, John S.
  • Lee, Hongbok


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Suggested Citation

  • Howe, John S. & Lee, Hongbok, 2006. "The long-run stock performance of preferred stock issuers," Review of Financial Economics, Elsevier, vol. 15(3), pages 237-250.
  • Handle: RePEc:eee:revfin:v:15:y:2006:i:3:p:237-250

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    References listed on IDEAS

    1. Mitchell, Mark L & Stafford, Erik, 2000. "Managerial Decisions and Long-Term Stock Price Performance," The Journal of Business, University of Chicago Press, vol. 73(3), pages 287-329, July.
    2. Fama, Eugene F., 1998. "Market efficiency, long-term returns, and behavioral finance," Journal of Financial Economics, Elsevier, vol. 49(3), pages 283-306, September.
    3. Linn, Scott C. & Michael Pinegar, J., 1988. "The effect of issuing preferred stock on common and preferred stockholder wealth," Journal of Financial Economics, Elsevier, vol. 22(1), pages 155-184, October.
    4. 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.
    5. Paul Irvine & James Rosenfeld, 2000. "Raising Capital Using Monthly Income Preferred Stock: Market Reaction and Implications for Capital Structure Theory," Financial Management, Financial Management Association, vol. 29(2), Summer.
    6. Loughran, Tim & Ritter, Jay R, 1995. " The New Issues Puzzle," Journal of Finance, American Finance Association, vol. 50(1), pages 23-51, March.
    7. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-838, May.
    8. Fama, Eugene F. & French, Kenneth R., 1993. "Common risk factors in the returns on stocks and bonds," Journal of Financial Economics, Elsevier, vol. 33(1), pages 3-56, February.
    9. Spiess, D. Katherine & Affleck-Graves, John, 1995. "Underperformance in long-run stock returns following seasoned equity offerings," Journal of Financial Economics, Elsevier, vol. 38(3), pages 243-267, July.
    10. Mukesh Bajaj & Sumon C. Mazumdar & Atulya Sarin, 2002. "The Costs of Issuing Preferred Stock," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 25(4), pages 577-592.
    11. Lee, Hei Wai & Figlewicz, Raymond E., 1999. "Characteristics of firms that issue convertible debt versus convertible preferred stock," The Quarterly Review of Economics and Finance, Elsevier, vol. 39(4), pages 547-563.
    12. Loughran, Tim & Ritter, Jay R., 2000. "Uniformly least powerful tests of market efficiency," Journal of Financial Economics, Elsevier, vol. 55(3), pages 361-389, March.
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    Cited by:

    1. Michael R King, 2009. "Time to buy or just buying time? The market reaction to bank rescue packages," BIS Working Papers 288, Bank for International Settlements.
    2. Yusnidah Ibrahim & Md Mohan Uddin & Kamarun Nisham Taufil Mohd & Mohd Sobri Minai, 2013. "Agency Costs and the Long-Run Performance of Debt Issuers," Asian Academy of Management Journal of Accounting and Finance (AAMJAF), Penerbit Universiti Sains Malaysia, vol. 9(1), pages 67-87.

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