Valuation effects of security offerings and the issuance process
Integrity signals
Registry
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Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
Announcements of bank loan commitments and similar credit facilities yield abnormal positive stock returns on average for the borrowing firms.
“Studies found that announcements of bank loan commitments and similar credit facilities yield abnormal positive stock returns on average for the borrowing ®rms (Mikkelson and Partch, 1986;James, 1987;Lummer and McConnell, 1989;Billett et al., 1995).”
From The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998) · cites this paper as Mikkelson and Partch, 1986
Cites
The Market for "Lemons": Quality Uncertainty and the Market Mechanism
Akerlof, G. A. (1970) · The Quarterly Journal of Economics · doi:10.2307/1879431 · Cited by 23,016 · see citing works
Corporate financing and investment decisions when firms have information that investors do not have
Myers, S. C., & Majluf, N. S. (1984) · Journal of Financial Economics · doi:10.1016/0304-405x(84)90023-0 · Cited by 18,957 · see citing works
MYERS, S. C. (1984) · The Journal of Finance · doi:10.1111/j.1540-6261.1984.tb03646.x · Cited by 7,526 · see citing works
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N. Berger, A., & F. Udell, G. (1998) · Journal of Banking & Finance · doi:10.1016/s0378-4266(98)00038-7 · Cited by 3,690 · see citing works
“…that announcements of bank loan commitments and similar credit facilities yield abnormal positive stock returns on average for the borrowing firms (Mikkelson and Partch 1986, James 1987, Lurnmer and McConnell 1989, Billett, Flannery, and Garfinkel 1995, Klapper 1998).26 These results suggest that…”
- Authors
- Mikkelson, W. H., & Partch, M. M.
- Affiliations
- University of Oregon (US)
- Venue
- Journal of Financial Economics
- Publisher
- Elsevier BV
- Published
- 1986-01
- Volume
- 15
- Issue
- 1-2
- Pages
- 31-60
- ISSN
- 0304-405X (ISSN-L)
- OpenAlex
- W2085189944
- Cited by
- 1,213
- References
- 3
- Citations by year
- 2026: 4 · 2025: 21 · 2024: 19 · 2023: 15 · 2022: 16 · 2021: 24 · 2020: 17 · 2019: 20 · 2018: 25 · 2017: 33 · 2016: 33 · 2015: 38 · 2014: 38 · 2013: 44 · 2012: 43
- FWCI
- 104.07
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- Journal of Financial Economics (publishedVersion)
- RePEc: Research Papers in Economics (submittedVersion)
- Topics
- Social Sciences › Business, Management and Accounting › Accounting › Corporate Finance and Governance
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Business, Management and Accounting › Accounting › Financial Analysis and Corporate Governance
- Keywords
- stock price reaction, abnormal returns, convertible debt, offering size, information content of announcements
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
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