Dutordoir, M.D.R.P.

stock offering issue equity market return convertible announcement period issuer financing journal price result european stock returns security regression table arbitrage value repurchase analysis arbitrageur issuance number signi window measure level finance variable sample share asset impact study effect debt issuers announcement date debt offerings debt-related financing costs ratio difference delta stock return volatility debt issues issue date uncombined evidence paper choice stock repurchase volatility debt announcement returns fi rms signi ficant company stock repurchases column change ficant signi ficantly investor debt announcements / journal equity-related financing costs proxy panel debt-like hypothesis determinant debt-related equity-related fi ndings volume demand trading financing costs economy-wide