Case Western Reserve University. This article is based on the first essay of my Ph.D. dissertation at the University of Illinois. I am very grateful to my dissertation committee members, Narasimhan Jegadeesh, George Pennacchi, and especially Jay Ritter (chairman) for numerous valuable comments. Special thanks also go to René Stulz (the editor) and an anonymous referee for extensive comments that have significantly improved the article. I thank Tim Loughran, Ben Sopranzetti, David Yermack, and seminar participants at the University of Waterloo, University of Illinois, 1994 FMA Doctoral Student Seminar, Purdue University, University of Arizona, University of New Orleans, Case Western Reserve University, Michigan State University, and the 1996 Western Finance Association Meetings for useful comments; and Dennis Sheehan for providing data on announcement dates of seasoned equity offerings.
Do Firms Knowingly Sell Overvalued Equity?
Version of Record online: 18 APR 2012
© 1997 the American Finance Association
The Journal of Finance
Volume 52, Issue 4, pages 1439–1466, September 1997
How to Cite
LEE, I. (1997), Do Firms Knowingly Sell Overvalued Equity?. The Journal of Finance, 52: 1439–1466. doi: 10.1111/j.1540-6261.1997.tb01116.x
- Issue online: 18 APR 2012
- Version of Record online: 18 APR 2012
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