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The long-run stock performance of preferred stock issuers

  • Howe, John S.
  • Lee, Hongbok
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    File URL: http://www.sciencedirect.com/science/article/B6W61-4H9PNB8-1/2/0d42ba5e60f2577d5ca94322c948af43
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    Article provided by Elsevier in its journal Review of Financial Economics.

    Volume (Year): 15 (2006)
    Issue (Month): 3 ()
    Pages: 237-250

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    Handle: RePEc:eee:revfin:v:15:y:2006:i:3:p:237-250
    Contact details of provider: Web page: http://www.elsevier.com/locate/inca/620170

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    1. 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.
    2. 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.
    3. Loughran, Tim & Ritter, Jay R, 1995. " The New Issues Puzzle," Journal of Finance, American Finance Association, vol. 50(1), pages 23-51, March.
    4. 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.
    5. White, Halbert, 1980. "A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity," Econometrica, Econometric Society, vol. 48(4), pages 817-38, May.
    6. 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.
    7. Eugene F Fama, . "Market Efficiency, Long-Term Returns, and Behavioral Finance," CRSP working papers 448, Center for Research in Security Prices, Graduate School of Business, University of Chicago.
    8. 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.
    9. 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.
    10. 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.
    11. 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.
    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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