Brisker, Eric R.; Autore, Don M.; Colak, Gonul; … - In: Journal of Banking & Finance 40 (2014) C, pp. 330-345
We hypothesize that managers who receive high equity-based compensation have greater incentive to avoid ownership dilution by timing their seasoned equity offers to periods when investors temporarily overvalue their stock. We provide empirical support for this hypothesis using a measure of...
