Grinblatt is from the Anderson Graduate School of Management, University of California, Los Angeles. Hwang is from the Katz Graduate School of Business, University of Pittsburgh. The authors would like to thank Franklin Allen, Maxim Engers, David Hirshleifer, George Mailath, John Riley, Sheridan Titman, and Brett Trueman for helpful discussions, as well as Jay Ritter, Ivo Welch, anonymous referees, and seminar participants at Columbia University, the Wharton School, and Yale University for comments on earlier drafts. Financial support was provided by the faculty research grant program at the University of Pittsburgh, Katz Graduate School of Business. Portions of this paper were developed in the doctoral dissertation of Hwang (1988).
Signalling and the Pricing of New Issues
Article first published online: 30 APR 2012
1989 The American Finance Association
The Journal of Finance
Volume 44, Issue 2, pages 393–420, June 1989
How to Cite
GRINBLATT, M. and HWANG, C. Y. (1989), Signalling and the Pricing of New Issues. The Journal of Finance, 44: 393–420. doi: 10.1111/j.1540-6261.1989.tb05063.x
- Issue published online: 30 APR 2012
- Article first published online: 30 APR 2012
Options for accessing this content:
- If you have access to this content through a society membership, please first log in to your society website.
- If you would like institutional access to this content, please recommend the title to your librarian.
- Login via other institutional login options http://onlinelibrary.wiley.com/login-options.
- You can purchase online access to this Article for a 24-hour period (price varies by title)
- If you already have a Wiley Online Library or Wiley InterScience user account: login above and proceed to purchase the article.
- New Users: Please register, then proceed to purchase the article.
Type your institution's name in the box below. If your institution is a Wiley customer, it will appear in the list of suggested institutions and you will be able to log in to access content. Some users may also log in directly via OpenAthens.
Please note that there are currently a number of duplicate entries in the list of institutions. We are actively working on fixing this issue and apologize for any inconvenience caused.
Registered Users please login:
- Access your saved publications, articles and searches
- Manage your email alerts, orders and subscriptions
- Change your contact information, including your password
Please register to:
- Save publications, articles and searches
- Get email alerts
- Get all the benefits mentioned below!