Now showing items 1-2 of 2

    • Do Seasoned Offerings Really Signal Anything Significant From Insiders? 

      Hull, Robert M.; Kwak, Sungkyu; Walker, Rosemary
      We examine the impact of insider behavior that accompanies seasoned offerings (SEOs) and discover three unexpected findings. First, firms with greater insider ownership percentages underperform before SEOs compared to firms ...
    • R&D manipulation around SEOs and SEO valuations 

      Hull, Robert M. ; Kwak, Sungkyu ; Walker, Rosemary
      Prior research finds T&D reductions around SEOs are linked to insider ownership decreases. This suggests that insiders underinvest in R&D to inflate earnings so as to increase SEO value. We construct a variable that ...