Market Timing and Capital Structure

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Market Timing and Capital Structure (2002)

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by Malcolm Baker , Jeffrey Wurgler

Venue:	THE JOURNAL OF FINANCE • VOL. LVII, NO. 1 • FEB. 2002
Citations:	404 - 13 self

Citations

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2450	Corporate Financing and Investment Decisions when Firms have Information that Investors Do Not Have’, - Myers, Majluf - 1984
2143	Agency costs of free cash flow, corporate finance, and takeovers - Jensen - 1986
1766	Determinants of corporate borrowing - Myers - 1977
1739	The Cost of Capital, Corporation Finance and the Theory of Investment - Modigliani, Miller - 1958
953	What do we know about capital structure? some evidence from international data - Rajan, Zingales - 1995
828	The Capital Structure Puzzle’, - Myers - 1984
749	Market efficiency, long-term returns, and behavioral finance - Fama - 1998
677	The theory and practice of corporate finance: Evidence from the field - Graham, Campbell - 2001
667	The new issues puzzle - Loughran, Ritter - 1995
594	The Theory of Capital Structure’, - Harris, Raviv - 1991
556	The Long Run Performance of Initial Public Offerings - Ritter - 1991
482	The Determinates of Capital Structure Choice - S, Wessels - 1988
461	Foundations of Finance, - Fama - 1976
418	The Investment Opportunity Set and Corporate Financing, Dividend and Compensation Policies - Smith, Watts - 1992
379	Inefficient markets: An introduction to behavioral finance - Shleifer - 2003
350	Myth or reality? The long run underperformance of initial public offerings: Evidence from venture and nonventure capital-backed companies - Brav, Gompers - 1997
343	Corporate income taxes and the cost of capital: A correction - Modigliani, Miller - 1963
337	Testing Trade-off and Pecking Order Predictions about Dividends and Debt’, The Review of Financial Studies, - Fama, French - 2002
333	Market underreaction to open market share repurchases - Ikenberry, Lakonishok, et al. - 1995
332	Optimal capital structure under corporate and personal taxation - DeAngelo, Masulis - 1980
299	Why do companies go public? An empirical analysis, The - Pagano, Panetta, et al. - 1998
262	The Equity Share in New Issues and Aggregate Stock Returns - Baker, Wurgler - 2000
252	Equity issues and offering dilution - Asquith, Mullins - 1986
211	The Debt-Equity Choice - Hovakimian, Opler, et al. - 2001
201	The operating performance of firms conducting seasoned equity offerings - Loughran, Ritter - 1997
197	Earnings management and the under performance of seasoned equity offerings - Teoh, Welch, et al. - 1998
183	The Choice between Equity and Debt: An Empirical Study,” Journal ofFinance - Marsh - 1976
182	Earnings management and the long-run market performance of initial public offerings - Teoh, Welch, et al. - 1998
174	Underperformance in long-run stock returns following seasoned equity offerings - Spiess, Affleck-Graves - 1995
162	Common Stock Offerings across the Business Cycle: Theory and Evidence’, - Choe, Masulis, et al. - 1993
149	Rational capital budgeting in an irrational world - Stein - 1996
143	Timing, investment opportunities, managerial discretion, and the security issue decision - Jung, Kim, et al. - 1996
136	Analyst following of initial public offerings - Rajan, Servaes - 1997
134	Investment Banking and the Capital Acquisition Process - Smith - 1986
132	Accounting valuation, market expectation, and cross-sectional stock returns - Frankel, Lee - 1998
132	Equity issues and stock price dynamics - Lucas, McDonald - 1990
126	Good news for value stocks: Further evidence on market efficiency - Porta, Rafael, et al. - 1997
125	Public regulation of the security markets - Stigler - 1964
124	Dividends and taxes - Miller, Scholes - 1978
115	Is there a window of opportunity for seasoned equity issuance - Bayless, Chaplinsky - 1996
101	Expectations and the cross-section of stock returns - Porta, Rafael - 1996
93	Convertible bonds as backdoor equity financing - Stein - 1992
89	The effect of information releases on the pricing and timing of equity issues - Korajczyk, Lucas, et al. - 1991
85	Seasoned public offerings: Resolution of the ‘new issues puzzle - Eckbo, Masulis, et al. - 2000
81	The Stock Market and Investment: Is the Market a Sideshow - Morck - 1990
77	Debt, leases, taxes, and the endogeneity of corporate tax status - Graham, Lemmon, et al. - 1998
74	The determinants of corporate leverage and dividend policies. Journal of Applied Corporate Finance 7:4–19 - Barclay, Smith, et al. - 1995
69	Is there a Pecking Order? Evidence from a Panel of IPO Firms’, - Helwege, Liang - 1996
59	A model of corporate financing decisions - Taggart - 1977
52	Long-term performance of seasoned equity offerings: Benchmark errors and biases - Jegadeesh - 2000
45	Equity issues with time-varying asymmetric information - Korajczyk, Lucas, et al. - 1992
24	Is the market surprised by poor earnings realizations following seasoned equity oerings - Denis, Sarin - 2000
18	Initial Public Offerings: International Insights. Pacific Basin Finance Journal - Loughran, Ritter, et al. - 1994
15	Determinants of corporate borrowing - Stewart - 1977
9	The theory of finance (Holt, Rinehart and - Fama, Miller - 1972
5	The Debt-Equity Choice - Opier, Titman - 1996
3	Capital budgeting in the presence of managerial overconfidence and optimism, Working paper - Gervais, Heaton, et al. - 2000
2	Distribution of incomes among dividends, retained earnings and taxes - Lintner - 1956
2	Aff leck-Graves - Speiss, John - 1995
1	Timing and Capital Structure 31 La - Market - 1996