He, Ling T.; Casey, K. Michael - In: American Journal of Finance and Accounting 2 (2010) 2, pp. 196-207
This study addresses the relationship between cash-out and cash-in mortgage refinancings and the stock market. Liquefying home equity is the major reason for the cash-out refinancings, whereas the cash-in refinancings are primarily for an earlier mortgage payoff. This study analyses responses of...
