Subject Index 531
seasoned equity offerings (SEOs), 237, 316,
319
SEC Regulation S-K, 430
second-price auction, 94–96, 99, 104, 105, 107,
119–121, 123–126, 133, 136
Securities Act of 1933, 239, 356
Securities Exchange Act of 1934, 239, 356
security issue announcement, 237, 263, 359
security issue choice, 334
security offerings internationally, 318
self-selection, 40–47, 49–52, 56, 59, 64, 67, 74,
75, 77, 265, 287, 325, 357, 433, 434
self-selection instruments, 46
self-selection mechanism, 43
selling concessions, 266
sensitivity of investment, 452
SEO underpricing, 237, 272–275, 287, 291,
292
SEO withdrawals, 282
SEOs, 79, 157, 159–162, 167, 176, 237, 238,
243, 250, 251, 253, 255, 256, 259, 260,
263–270, 272–276, 279, 280, 282, 283,
285–287, 290, 291, 296–300, 308, 315,
318, 321, 324–326, 330, 335–337, 340,
344–346, 348, 349, 351–353, 355, 357,
359, 360
shareholder monitoring, 327
shareholder participation, 305, 333
shareholder takeup, 304–308, 312, 313, 320,
325, 326
shelf issues, 244, 250, 251, 253, 286, 287, 318,
357
shelf offerings, 241, 246, 249, 251, 253, 255,
286, 324, 357, 360
shelf registered offerings, 286
shelf registration, 241, 242, 249, 251, 286, 287,
295, 306, 317, 318, 356, 357
short horizon, 5, 6, 11, 14, 15, 21, 22
short-sales constraints, 149, 153
Siamese twin securities, 149
signal quality, 325, 327
signalling, 310, 328, 329
signalling through underpricing, 379, 400–402
simultaneity, 49
sorting, 81
spinning, 397, 399
spinoffs, 469
standby offerings, 268, 286, 306, 320
standby rights, 244, 264, 265, 299, 307, 308,
310, 312, 313, 316, 319, 320, 324, 325
standby rights method, 314
standby rights offerings, 249, 264, 307, 312,
313, 329
Statement of Financial Standards (SFAS) No. 14,
430
stock market reaction, 308, 323
stock splits, 60
straight and convertible debt offerings, 315,
322
straight debt, 251, 253, 255, 257, 259, 260, 265,
266, 293, 322, 324, 328, 332, 333, 343,
345, 348, 350, 351
straight debt issues, 323, 324, 341, 344, 345
structural selection models, 47, 49
structural self-selection, 41, 50, 51
structural self-selection model, 50, 68
structured PIPEs, 295
subscription precommitments, 308, 329
survey of manufactures, 461
survivorship, 78
switching regression, 41, 47–52, 65, 75, 76, 81
syndicate, 65, 243, 245–248, 275
syndicate size, 284
syndicated, 250
syndicated firm commitment, 286
syndicates, 291
syndicate’s lead underwriter, 265takeover, 62
takeover deterrence, 63
tax arguments for underpricing, 408
timing hypothesis, 336, 337
timing of equity issues, 330, 332
Tobin’sq, 426
toehold, 110, 112, 113, 116, 119–126, 130, 139
total factor productivity (TFP), 462, 464
total flotation costs, 262, 288
tradeoff theory, 164
trading commissions, 396, 399, 400
treatment effects, 42, 49, 51–55, 73, 74, 76
truncated regression, 62, 63
turnover factor LMH, 348underinvestment, 155, 156, 171, 178
underperformance, see also long-run perfor-
mance, 336, 337, 343–346, 360, 414, 415
underpricing, 237, 261–265, 267–269, 272–
275, 279–283, 285, 286, 288, 292–294,
297, 333, 336, 358
underpricing costs, 262, 266, 268
underwriter compensation, 68, 262, 264, 265,
283, 287