Using 636 large acquisition attempts that are accompanied by a negative stock price reaction at their announcement (“value-reducing acquisition attempts”) from 1990 to 2010, we find that, in deciding whether to abandon a value-reducing acquisition attempt, managers' sensitivity to the firm's...

The auction rate bond market grew from inauspicious beginnings in 1985 to representing a significant fraction of the municipal bond market in 2007 with a total of 603 issuances that year raising more than $35 billion in capital. Since March of 2008 not a single auction rate bond has been issued....

In the past 30 years, major changes have occurred not only in the kinds of securities issued, but also in the "way" securities are issued and in the national markets "where" they are issued. Traditional registered offerings have been partly displaced by shelf registered offerings and Rule 144A...