Assistant Professor, Schools of Business Administration, University of California, Berkeley, and Assistant Professor, Faculty of Commerce, The University of British Columbia. The authors gratefully acknowledge the financial support of a Dean Witter Foundation grant at the Institute of Business and Economic Research, University of California, Berkeley, and a U.B.C. Humanities and Social Sciences grant. Our colleagues at both schools, especially Hayne Leland, David Pyle, Jim Wilcox, and the members of the Finance Workshop at each school, have attempted to purge earlier versions of this paper of its most glaring errors. Special thanks for their insightful comments go to Jay Ritter of the University of Pennsylvania and the Editor of the Journal of Finance. All remaining errors are the shared property of the authors.
Signaling and the Valuation of Unseasoned New Issues
Article first published online: 30 APR 2012
1982 The American Finance Association
The Journal of Finance
Volume 37, Issue 1, pages 1–10, March 1982
How to Cite
DOWNES, D. H. and HEINKEL, R. (1982), Signaling and the Valuation of Unseasoned New Issues. The Journal of Finance, 37: 1–10. doi: 10.1111/j.1540-6261.1982.tb01091.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
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