Gucht, L. van de

equity market financing issue european offering convertible issuer announcement security return debt issuers stock debt-related financing costs result choice regression table window sample company level issuance asset journal analysis value debt offerings equity-related financing costs proxy debt-like announcement date debt-related equity-related volume measure financing costs debt announcement returns stock return volatility impact economy-wide paper debt announcements finance stockholder reactions ratio variable evidence month stockholder study debt issues hypothesis brennan non-hot determinant issue month debt windows debt issuance volume period stock returns conversion probability research conversion report rationale debt markets probability selection costs issue-specific management debt sample substitute volatility reaction motivation viewpoint mayer issue-specific financing costs firm-specific