메뉴 건너뛰기




Volumn 22, Issue 11, 2009, Pages 4301-4334

Anomalies

Author keywords

[No Author keywords available]

Indexed keywords


EID: 71949093376     PISSN: 08939454     EISSN: 14657368     Source Type: Journal    
DOI: 10.1093/rfs/hhp023     Document Type: Article
Times cited : (167)

References (64)
  • 1
    • 0033270858 scopus 로고    scopus 로고
    • Are there economies of scale in underwriting fees? Evidence of rising external financing costs
    • Altinkilic, O., and R. S. Hansen. 2000. Are There Economies of Scale in Underwriting Fees? Evidence of Rising External Financing Costs. Review of Financial Studies 13:191-218.
    • (2000) Review of Financial Studies , vol.13 , pp. 191-218
    • Altinkilic, O.1    Hansen, R.S.2
  • 2
    • 0040435486 scopus 로고    scopus 로고
    • The equity share in new issues and aggregate stock returns
    • Baker, M., and J. Wurgler. 2000. The Equity Share in New Issues and Aggregate Stock Returns. Journal of Finance 55:2219-2257
    • (2000) Journal of Finance , vol.55 , pp. 2219-2257
    • Baker, M.1    Wurgler, J.2
  • 3
    • 0010023511 scopus 로고
    • The relationship between return and market value of common stocks
    • Banz, R.W. 1981. The Relationship between Return and Market Value of Common Stocks. Journal of Financial Economics 9:3-18.
    • (1981) Journal of Financial Economics , vol.9 , pp. 3-18
    • Banz, R.W.1
  • 6
    • 0034179209 scopus 로고    scopus 로고
    • Is the abnormal return following equity issuances anomalous?
    • Brav, A., C. Geczy, and P. A. Gompers. 2000. Is the Abnormal Return following Equity Issuances Anomalous? Journal of Financial Economics 56:209-249
    • (2000) Journal of Financial Economics , vol.56 , pp. 209-249
    • Brav, A.1    Geczy, C.2    Gompers, P.A.3
  • 7
    • 0011028180 scopus 로고    scopus 로고
    • Discrete state-space methods for the study of dynamic economics
    • RamonMarimon and Andrew Scott (eds.) Oxford: Oxford University Press
    • Burnside, C. 1999. Discrete State-Space Methods for the Study of Dynamic Economics. In RamonMarimon and Andrew Scott (eds.), Computational Methods for the Study of Dynamic Economies. Oxford: Oxford University Press.
    • (1999) Computational Methods for the Study of Dynamic Economies
    • Burnside, C.1
  • 8
    • 0032771542 scopus 로고    scopus 로고
    • By force of habit: A consumption-based explanation of aggregate stock market behavior
    • Campbell, J. Y., and J. H. Cochrane. 1999. By Force of Habit: A Consumption-Based Explanation of Aggregate Stock Market Behavior. Journal of Political Economy 107:205-251
    • (1999) Journal of Political Economy , vol.107 , pp. 205-251
    • Campbell, J.Y.1    Cochrane, J.H.2
  • 11
    • 4344650584 scopus 로고    scopus 로고
    • Corporate investment and asset price dynamics: Implications for the cross section of returns
    • Carlson, M., A. Fisher, and R. Giammarino. 2004. Corporate Investment and Asset Price Dynamics: Implications for the Cross Section of Returns. Journal of Finance 59:2577-2603
    • (2004) Journal of Finance , vol.59 , pp. 2577-2603
    • Carlson, M.1    Fisher, A.2    Giammarino, R.3
  • 12
    • 33745728787 scopus 로고    scopus 로고
    • Corporate investment and asset price dynamics: Implications for seo event studies and long-run performance
    • Carlson, M., A. Fisher, and R. Giammarino. 2006. Corporate Investment and Asset Price Dynamics: Implications for SEO Event Studies and Long-Run Performance. Journal of Finance 61:1009-1034
    • (2006) Journal of Finance , vol.61 , pp. 1009-1034
    • Carlson, M.1    Fisher, A.2    Giammarino, R.3
  • 13
    • 43949169873 scopus 로고
    • Common stock offerings across the business cycle: Theory and evidence
    • Choe, H., R.W. Masulis, and V. Nanda. 1993. Common Stock Offerings across the Business Cycle: Theory and Evidence. Journal of Empirical Finance 1:3-31.
    • (1993) Journal of Empirical Finance , vol.1 , pp. 3-31
    • Choe, H.1    Masulis, R.W.2    Nanda, V.3
  • 14
    • 84977708733 scopus 로고
    • Production-based asset pricing and the link between stock returns and economic fluctuations
    • Cochrane, J. H. 1991. Production-Based Asset Pricing and the Link between Stock Returns and Economic Fluctuations. Journal of Finance 46:209-237
    • (1991) Journal of Finance , vol.46 , pp. 209-237
    • Cochrane, J.H.1
  • 15
    • 0030452013 scopus 로고    scopus 로고
    • A Cross-sectional test of an investment-based asset pricing model
    • Cochrane, J. H. 1996. A Cross-Sectional Test of an Investment-Based Asset Pricing Model. Journal of Political Economy 104:572-621.
    • (1996) Journal of Political Economy , vol.104 , pp. 572-621
    • Cochrane, J.H.1
  • 16
    • 0004291281 scopus 로고    scopus 로고
    • Princeton, NJ: Princeton University Press
    • Cochrane, J. H. 2001. Asset Pricing. Princeton, NJ: Princeton University Press.
    • (2001) Asset Pricing
    • Cochrane, J.H.1
  • 17
    • 0003317085 scopus 로고
    • Economic growth and business cycles
    • Thomas F. Cooley (ed.) Princeton, NJ: Princeton University Press
    • Cooley, T. F., and E. C. Prescott. 1995. Economic Growth and Business Cycles. In Thomas F. Cooley (ed.), Frontiers of Business Cycle Research. Princeton, NJ: Princeton University Press.
    • (1995) Frontiers of Business Cycle Research
    • Cooley, T.F.1    Prescott, E.C.2
  • 19
    • 0039658591 scopus 로고    scopus 로고
    • Is the risk of bankruptcy a systematic risk?
    • Dichev, I. 1998. Is the Risk of Bankruptcy a Systematic Risk? Journal of Finance 53:1141-1148
    • (1998) Journal of Finance , vol.53 , pp. 1141-1148
    • Dichev, I.1
  • 20
    • 0034179271 scopus 로고    scopus 로고
    • Seasoned public offerings: Resolution of the "new issues puzzle."
    • Eckbo, B. E., R. W. Masulis, and ∅. Norli. 2000. Seasoned Public Offerings: Resolution of the "New Issues Puzzle." Journal of Financial Economics 56:251-291
    • (2000) Journal of Financial Economics , vol.56 , pp. 251-291
    • Eckbo, B.E.1    Masulis, R.W.2    Norli Ø3
  • 21
    • 84936195953 scopus 로고
    • The relationship between firm growth, size, and age: Estimates for 100 manufacturing industries
    • Evans, D. S. 1987. The Relationship between Firm Growth, Size, and Age: Estimates for 100 Manufacturing Industries. Journal of Industrial Economics 35:567-581
    • (1987) Journal of Industrial Economics , vol.35 , pp. 567-581
    • Evans, D.S.1
  • 22
    • 84977737676 scopus 로고
    • The cross-section of expected stock returns
    • Fama, E. F., and K. R. French. 1992. The Cross-Section of Expected Stock Returns. Journal of Finance 47:427-465
    • (1992) Journal of Finance , vol.47 , pp. 427-465
    • Fama, E.F.1    French, K.R.2
  • 23
    • 84993845943 scopus 로고
    • Size and book-to-market factors in earnings and returns
    • Fama, E. F., and K. R. French. 1995. Size and Book-to-Market Factors in Earnings and Returns. Journal of Finance 50:131-155
    • (1995) Journal of Finance , vol.50 , pp. 131-155
    • Fama, E.F.1    French, K.R.2
  • 24
    • 0040805996 scopus 로고    scopus 로고
    • Forecasting profitability and earnings
    • Fama, E. F., and K. R. French. 2000. Forecasting Profitability and Earnings. Journal of Business 73:161-175
    • (2000) Journal of Business , vol.73 , pp. 161-175
    • Fama, E.F.1    French, K.R.2
  • 26
    • 33751011316 scopus 로고    scopus 로고
    • Profitability, investment, and average returns
    • Fama, E. F., and K. R. French. 2006. Profitability, Investment, and Average Returns. Journal of Financial Economics 82:491-518.
    • (2006) Journal of Financial Economics , vol.82 , pp. 491-518
    • Fama, E.F.1    French, K.R.2
  • 27
    • 0000928969 scopus 로고
    • Risk, return, and equilibrium: Empirical tests
    • Fama, E. F., and J. D. MacBeth. 1973. Risk, Return, and Equilibrium: Empirical Tests. Journal of Political Economy 81:607-636
    • (1973) Journal of Political Economy , vol.81 , pp. 607-636
    • Fama, E.F.1    MacBeth, J.D.2
  • 28
  • 30
    • 0000318873 scopus 로고    scopus 로고
    • The theory and practice of corporate finance: Evidence from the field
    • Graham, J. R., and C. R. Harvey. 2001. The Theory and Practice of Corporate Finance: Evidence from the Field. Journal of Financial Economics 60:187-243.
    • (2001) Journal of Financial Economics , vol.60 , pp. 187-243
    • Graham, J.R.1    Harvey, C.R.2
  • 31
    • 84934562523 scopus 로고
    • The relationship between firm size and firm growth in the U.S. manufacturing sector
    • Hall, B. H. 1987. The Relationship between Firm Size and Firm Growth in the U.S. Manufacturing Sector. Journal of Industrial Economics 35:583-606.
    • (1987) Journal of Industrial Economics , vol.35 , pp. 583-606
    • Hall, B.H.1
  • 33
    • 34547890741 scopus 로고    scopus 로고
    • How costly is external financing? Evidence from a structural estimation
    • Hennessy, C. A., and T. M. Whited. 2007. How Costly Is External Financing? Evidence from a Structural Estimation. Journal of Finance 62:1705-1745
    • (2007) Journal of Finance , vol.62 , pp. 1705-1745
    • Hennessy, C.A.1    Whited, T.M.2
  • 34
    • 0041669498 scopus 로고    scopus 로고
    • Long-run performance following private placements of equity
    • Hertzel, M., M. Lemmon, J. Linck, and L. Rees. 2002. Long-Run Performance following Private Placements of Equity. Journal of Finance 57:2595-2617
    • (2002) Journal of Finance , vol.57 , pp. 2595-2617
    • Hertzel, M.1    Lemmon, M.2    Linck, J.3    Rees, L.4
  • 37
    • 0001357772 scopus 로고    scopus 로고
    • Financial flexibility and the choice between dividends and stock repurchases
    • Jagannathan, M., C. P. Stephens, and M. S. Weisbach. 2000. Financial Flexibility and the Choice between Dividends and Stock Repurchases. Journal of Financial Economics 57:355-384
    • (2000) Journal of Financial Economics , vol.57 , pp. 355-384
    • Jagannathan, M.1    Stephens, C.P.2    Weisbach, M.S.3
  • 38
    • 84993848601 scopus 로고
    • The modern industrial revolution, exit, and the failure of internal control systems
    • Jensen, M. C. 1993. The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems. Journal of Finance 48:831-880
    • (1993) Journal of Finance , vol.48 , pp. 831-880
    • Jensen, M.C.1
  • 39
    • 0033424167 scopus 로고    scopus 로고
    • The underreaction hypothesis and the new issues puzzle: Evidence from Japan
    • Kang, J., Y. Kim, and R. M. Stulz. 1999. The Underreaction Hypothesis and the New Issues Puzzle: Evidence from Japan. Review of Financial Studies 12:519-534
    • (1999) Review of Financial Studies , vol.12 , pp. 519-534
    • Kang, J.1    Kim, Y.2    Stulz, R.M.3
  • 40
    • 28244478078 scopus 로고    scopus 로고
    • Do firms rebalance their capital structures?
    • Leary, M. T., and M. R. Roberts. 2005. Do Firms Rebalance Their Capital Structures? Journal of Finance 60:2575-2619
    • (2005) Journal of Finance , vol.60 , pp. 2575-2619
    • Leary, M.T.1    Roberts, M.R.2
  • 42
    • 33846191480 scopus 로고    scopus 로고
    • Why is long-horizon equity less risky? A duration-based explanation of the value premium
    • Lettau, M., and J. A. Wachter. 2007. Why Is Long-Horizon Equity Less Risky? A Duration-Based Explanation of the Value Premium. Journal of Finance 62:55-92.
    • (2007) Journal of Finance , vol.62 , pp. 55-92
    • Lettau, M.1    Wachter, J.A.2
  • 43
    • 33749134848 scopus 로고    scopus 로고
    • The conditional CAPM does not explain asset-pricing anomalies
    • Lewellen, J., and S. Nagel. 2006. The Conditional CAPM Does Not Explain Asset-Pricing Anomalies. Journal of Financial Economics 82:289-314.
    • (2006) Journal of Financial Economics , vol.82 , pp. 289-314
    • Lewellen, J.1    Nagel, S.2
  • 44
    • 23944500526 scopus 로고    scopus 로고
    • Operating performance following open market share repurchase announcements
    • Lie, E. 2005. Operating Performance following Open Market Share Repurchase Announcements. Journal of Accounting and Economics 39:411-436
    • (2005) Journal of Accounting and Economics , vol.39 , pp. 411-436
    • Lie, E.1
  • 46
    • 0039054770 scopus 로고    scopus 로고
    • The operating performance of firms conducting seasoned equity offerings
    • Loughran, T., and J. R. Ritter. 1997. The Operating Performance of Firms Conducting Seasoned Equity Offerings. Journal of Finance 52:1823-1850
    • (1997) Journal of Finance , vol.52 , pp. 1823-1850
    • Loughran, T.1    Ritter, J.R.2
  • 47
    • 0000013633 scopus 로고
    • On the size distribution of business firms
    • Lucas, R. E. 1978. On the Size Distribution of Business Firms. Bell Journal of Economics 9:508-523
    • (1978) Bell Journal of Economics , vol.9 , pp. 508-523
    • Lucas, R.E.1
  • 48
    • 47749110019 scopus 로고    scopus 로고
    • The new issues puzzle: Testing the investment-based explanation
    • Lyandres, E., L. Sun, and L. Zhang. 2008. The New Issues Puzzle: Testing the Investment-Based Explanation. Review of Financial Studies 21:2825-2855
    • (2008) Review of Financial Studies , vol.21 , pp. 2825-2855
    • Lyandres, E.1    Sun, L.2    Zhang, L.3
  • 49
    • 10344221506 scopus 로고    scopus 로고
    • Application of weighted residual methods to dynamic economic models
    • Ramon Marimon and Andrew Scott (eds.) Oxford: Oxford University Press
    • McGrattan, E. R. 1999. Application of Weighted Residual Methods to Dynamic Economic Models. In Ramon Marimon and Andrew Scott (eds.), Computational Methods for the Study of Dynamic Economies. Oxford: Oxford University Press.
    • (1999) Computational Methods for the Study of Dynamic Economies
    • McGrattan, E.R.1
  • 50
    • 84993919451 scopus 로고
    • Price reactions to dividend initiations and omissions overreaction or drift?
    • Michaely, R., R. H. Thaler, and K. L. Womack. 1995. Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? Journal of Finance 50:573-608.
    • (1995) Journal of Finance , vol.50 , pp. 573-608
    • Michaely, R.1    Thaler, R.H.2    Womack, K.L.3
  • 51
    • 0001699517 scopus 로고
    • Dividend policy, growth, and the value of shares
    • Miller, M., and F. Modigliani. 1961. Dividend Policy, Growth, and the Value of Shares. Journal of Business 34:411-433
    • (1961) Journal of Business , vol.34 , pp. 411-433
    • Miller, M.1    Modigliani, F.2
  • 52
    • 0003292188 scopus 로고
    • Rate of return in relation to risk: A reexamination of some recent findings
    • Michael C. Jensen (ed.) New York: Praeger
    • Miller, M., and M. S. Scholes. 1972. Rate of Return in Relation to Risk: A Reexamination of Some Recent Findings. In Michael C. Jensen (ed.), Studies in the Theory of Capital Markets. New York: Praeger.
    • (1972) Studies in the Theory of Capital Markets
    • Miller, M.1    Scholes, M.S.2
  • 54
    • 0002215433 scopus 로고    scopus 로고
    • Book to market as a predictor of market returns
    • Pontiff, J., and L. Schall. 1998. Book to Market as a Predictor of Market Returns. Journal of Financial Economics 49:141-160
    • (1998) Journal of Financial Economics , vol.49 , pp. 141-160
    • Pontiff, J.1    Schall, L.2
  • 56
    • 84977717063 scopus 로고
    • The long-run performance of initial public offerings
    • Ritter, J. R. 1991. The Long-Run Performance of Initial Public Offerings. Journal of Finance 46:3-27.
    • (1991) Journal of Finance , vol.46 , pp. 3-27
    • Ritter, J.R.1
  • 57
    • 0001605083 scopus 로고
    • Asset pricing implications of equilibrium business cycle models
    • Thomas Cooley (ed.) Princeton, NJ: Princeton University Press
    • Rouwenhorst, K. G. 1995. Asset Pricing Implications of Equilibrium Business Cycle Models. In Thomas Cooley (ed.), Frontiers of Business Cycle Research. Princeton, NJ: Princeton University Press.
    • (1995) Frontiers of Business Cycle Research
    • Rouwenhorst, K.G.1
  • 58
    • 0142157048 scopus 로고    scopus 로고
    • Pseudo Market Timing and the Long-Run Underperformance of IPOs
    • DOI 10.1111/1540-6261.00535
    • Schultz, P. 2003. Pseudo Market Timing and the Long-Run Underperformance of IPOs. Journal of Finance 58:483-517. (Pubitemid 37311711)
    • (2003) Journal of Finance , vol.58 , Issue.2 , pp. 483-517
    • Schultz, P.1
  • 59
    • 49449119344 scopus 로고
    • Alternative methods for raising capital
    • Smith, C. W. Jr. 1977. Alternative Methods for Raising Capital. Journal of Financial Economics 5:273-307.
    • (1977) Journal of Financial Economics , vol.5 , pp. 273-307
    • Smith Jr., C.W.1
  • 60
    • 58149364936 scopus 로고
    • Underperformance in long-run stock returns following seasoned equity offerings
    • Spiess, K. D., and J. Affleck-Graves. 1995. Underperformance in Long-Run Stock Returns following Seasoned Equity Offerings. Journal of Financial Economics 38:243-267
    • (1995) Journal of Financial Economics , vol.38 , pp. 243-267
    • Spiess, K.D.1    Affleck-Graves, J.2
  • 61
    • 0001774993 scopus 로고    scopus 로고
    • The long-run performance of stock returns following debt offerings
    • Spiess, K. D., and J. Affleck-Graves. 1999. The Long-Run Performance of Stock Returns following Debt Offerings. Journal of Financial Economics 54:45-73.
    • (1999) Journal of Financial Economics , vol.54 , pp. 45-73
    • Spiess, K.D.1    Affleck-Graves, J.2
  • 62
    • 34547872054 scopus 로고    scopus 로고
    • Do tests of capital structure theory mean what they say?
    • Strebulaev, I. 2007. Do Tests of Capital Structure Theory Mean What They Say? Journal of Finance 62:1747-1787
    • (2007) Journal of Finance , vol.62 , pp. 1747-1787
    • Strebulaev, I.1
  • 64
    • 12344316275 scopus 로고    scopus 로고
    • The value premium
    • Zhang, L. 2005. The Value Premium. Journal of Finance 60:67-103.
    • (2005) Journal of Finance , vol.60 , pp. 67-103
    • Zhang, L.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.