Clinton, Sarah B.; White, Joshua T.; Woidtke, Tracie - In: Journal of Accounting and Economics 58 (2014) 1, pp. 59-78
The SEC promulgated the Securities Offering Reform (SOR) in 2005 to ease disclosure restrictions prior to seasoned equity offerings (SEOs). The SEC argued that SOR would improve the information environment, but critics claimed it would allow firms to hype their stock. This paper is the first to...
