528 Subject Index
corporate arbitrage, 152, 178
corporate diversification, 425
corporate governance, 439
counterfactual, 48, 49, 52, 55, 58, 69, 76, 82
covenants, 67
cross-correlation, 6, 26–31
cross-sectional analysis, 324
data augmentation, 58
debt market timing, 163
debt offerings, 64, 243, 250, 251, 266, 283,
322, 325, 332–334, 344, 349, 353
debt overhang, 171
delistings, 346
demand shocks, 464
dependence equity, 156
difference-in-difference, 56
dilution costs, 330, 331
direct public offering, 244
distribution of ability, 449
diversification, 47, 71, 426, 427
diversification discount, 71, 73, 75
divestitures, 470
dotcom, 166
DRIPS, 245
dual offering, 237
due diligence, 243, 246, 249, 286, 287, 304
Dutch auction, 89, 95, 131, 132, 135
earnings management, 147, 149–151, 153, 161,
164, 167
effective date, 242, 246
efficient markets, 20, 29
empire building, 168, 171
English auction, 95, 116, 117
equity dependence, 156, 173, 174
event study, 5–9, 12–23, 28, 59
excess net external capital, 457
exclusion restrictions, 45–47
expectations hypothesis, 162
expected return, 9, 11, 13, 14, 20–24, 30
expected revenue, 94, 97, 98, 101, 107, 118,
130, 136
expected utility maximization, 168
factor regressions, 346, 348, 351, 355
factor-mimicking portfolios, 347, 353–355
failed conglomerates, 464
family ownership, 77
firm commitment, 244, 245, 250, 251, 263–
265, 267, 273, 289, 298, 305, 312, 313,
317, 318, 321, 326, 332, 333, 359
firm commitment offerings, 243, 249, 264,
311–313, 315, 317, 321, 325, 327
firm commitment SEOs, 288
firm commitment underwriting, 238, 243, 266,
269, 360
first-price auction, 91, 93–96, 99, 103, 104,
106, 107, 119, 121, 123, 126, 133, 134, 136
fixed effects, 42, 56
flotation costs, 261, 263, 265–267, 275, 279,
280, 282, 287, 288, 294, 308, 356, 358, 359
flotation expenses, 288
flotation method, 239, 240, 243, 244, 249, 250,
263, 264, 267, 273, 286, 288, 290, 298–
300, 304–308, 310–313, 315–319, 322,
329, 357, 360
flotation method choice, 238, 243, 250, 263,
268, 298, 306, 309, 310, 312, 325, 326,
356, 359
follow-on equity offering, 284
follow-on offering, 255, 259, 260, 359
foreign issues, 303, 320, 360
foreign offerings, 237, 238
fundamental value, 147, 149–153, 156, 167,
169, 170, 173GDRs, 237, 240, 292, 318, 321, 340
Glass–Steagall Act, 64, 67, 190, 191, 196, 201,
243
global IPOs, 285, 293
global issues, 238, 292, 321
global offerings, 285, 292
Google, 383
governance, 147, 148, 158, 168
Gramm–Leach–Bliley Financial Modernization
Act, 243
green shoe option,seeoverallotment option
green shoes, 413
greenmail, 62
gross spread, 262, 266, 269, 291, 293
growth opportunities, 292, 297, 325Heckman, 41–43, 47, 50, 53, 60, 75–77
Heckman self-selection, 47
holding-period returns, 340
hot issues markets, 272identification, 41, 46
in-the-money options, 172
indirect flotation costs, 262, 263, 272, 286, 355
industry-adjusted investment (IAI), 459
inefficient market, 149, 151, 152, 155, 178