Market timing of equity issuance [Research Assistantship]

Professor: Jiyoon Lee
 
Department: Finance
 
Title: Market timing of equity issuance
 
Description: We will examine the effects of information asymmetry-driven mispricing on security issuance. When a manager believes his or her firm to be overvalued (undervalued) based on private information, he/she may issue (repurchase) equity. This market timing hypothesis will be tested using changes in purchase obligations as a proxy for information asymmetry-driven mispricing.
 
Duties: Major duty would be to collect information about purchase obligations from 10-Ks, which are available from Edgar. I will do most of the statistical analyses but we will discuss the results.
 
Time commitment: 7-9 hours per week (average)
 
Credit hour option*: 3
 
Submit Cover Letter/Resume to: leejiyoon@gwu.edu
*If credit is sought, all registration deadlines and requirements must be met. Students selected to be research assistants should contact Ben Faulkner at benfaulkner@gwu.edu whether they intend to pursue credit or not.