We investigate whether firms manage stock prices in anticipation of share issuance. Warrant exercise results in share … engage in stock price management in anticipation of share issuance …

, when new disclosure rules took effect. We find that bond prices rise, equity prices fall, and the volatility of both …

We analyze trading opportunities that arise from differences between the bond and the CDS market. By simultaneously … entering a position in a CDS contract and the underlying bond, traders can build a default-risk free position that allows them … to repeatedly earn the difference between the bond asset swap spread and the CDS, known as the basis. We show that the …

bond yield spreads all increase at the time of CEO turnover, when management risk is highest, and decline over the first …

Hard-to-value stocks provide opportunities for managers to exploit their informational advantage through trading on …, coinciding with a general decline in the profitability of stock market anomalies. Our evidence is consistent with managers …