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003			ZW-GwMSU
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008			230914b |||||||| |||| 00| 0 eng d
040			_aMSU _cMSU _erda
100			_aBALI, Turan G
245			_aThe new issues puzzle _bevidence from non-US firms
264			_aNew York _bTaylor & Francis _c2013
336			_2rdacontent _atext _btxt
337			_2rdamedia _aunmediated _bn
338			_2rdacarrier _avolume _bnc
440			_aApplied Economics Letters _vVolume , number ,
520			_aFor non-US stocks of firms in the G7 countries, we empirically test the new issues puzzle – stocks of firms that issue new equity are, on average, very poor investments relative to various benchmarks – by market capitalization. Only for the United Kingdom do we find evidence for a significantly negative relation between net share issues and expected returns for larger capitalization stocks. There is some evidence for Japanese stocks. For the other four countries, a positive relation between net share issues and expected returns is observed.
650			_anew issues puzzle
650			_anet share issues
650			_amarket capitalization
700			_aCAKISI, Nusret
700			_aFABOZZI, Frank J
856			_uhttps://doi.org/10.1080/13504851.2013.829188
942			_2lcc _cJA
999			_c163246 _d163246