References
- Bae, S. C., J. H. Mean, and S. B. Jung, "Trading Behavior, Performance, and Stock Preference of Foreign, Local Institutions, and Individual Investors: Evidence from the Korean Stock Market," Asia-Pacific Journal of Financial Studies, No.40(2011), 199-239.
- Bhana, N., "The market reaction to capital expenditure announcements," Investment Analysts Journal, No.68(2008), 53-64.
- Cho, S. K., The Effect of Allocation Parties in Increase of Capital on Stock Price of KOSDAQ Firm, Ph.D. Dissertation, Business Administration Graduate School of Paichai University, 2011.
- Chordia, T., A. Goyal, and N. Jegadeesh, "Buyers Versus Sellers: Who Initiate Trades And When?," Swiss Finance Institute Occasional Paper Series, No.11-43(2011).
- Chung, H. C. and Y. W. Jeong, "Seasoned Equity Offering Announcements and Market Efficiency," The Korean Journal of Financial Management, Vol. 25, No.3(2008), 79-109.
- Field, L. C. and M. Lowry, "Institutional Versus Individual Investments in IPOs: The Importance of Firm Fundamentals," Journal of Financial and Quantitative Analysis, Vol. 44, No.03(2005), 489-516.
- Hong, G. and B. S. Lee, "The Trading Behavior and Price Impact of Foreign, Institutional, Individual Investors and Government: Evidence from Korean Equity Market," Japan and the World Economy, No.23 (2011), 273-287.
- Jain, B. A. and O. Kini, "The Impact of Strategic Investment Choices on Post-Issue Operating Performance and Survival of US IPO Firms," Journal of Business Finance & Accounting, Vol.35, No.3-4(2008), 459-490. https://doi.org/10.1111/j.1468-5957.2007.02072.x
- Jeong, W. S., Motive Analysis of Capital Increase Without Consideration, Stock Splits and Stock Dividend, Master Dissertation, Department of Business Administration, The Graduate School of Hanyang University, 2011.
- Jin, K. M., The Analysis for Announcement Effect of Seasoned Equity Offerings on Korea, Master Dissertation, Department of Accounting, The Graduate School of Kyung Hee University, 2013.
- Johnston, D., "An Investigation of Regulatory and Voluntary Environmental Capital Expenditures," Journal of Accounting and Public Policy, Vol.24, No.3(2005), 175-206. https://doi.org/10.1016/j.jaccpubpol.2005.03.002
- Kang, H. Y. and H. N. Kim, "Impact of Voluntary Disclosures on Information Effects of Investor Relations Announcements," Korea Journal of Financial Studies, Vol.42, No.1 (2013), 79-103.
- Kim, D. H., Individual Investors' Investment Behavior and IPO Returns, Master Dissertation, Dept. of Business Administration, The Graduate School, Yonsei University, 2012.
- Kim, J. W., "Earning Management Using Accruals and the Long-Run Performance of SEOs," Journal of Business Research, Vol.28, No.1(2013), 165-191.
- Kim, M. H., Two Essays on the Performance of and Behavior of Individual Investors and the Relation Between Individual Investor Sentiment and Stock Returns: Evidence from the Korean Stock Market, Ph.D. Dissertation, Dept. of International Trade and Business, Graduate School Hankuk University of Foreign Studies, 2013.
- Kim, M. K. and Y. Cho, "Development of Predictive Models for Rights Issues Using Financial Analysis Indices and Decision Tree Technique," Journal of Intelligence and Information Systems, Vol.18, No. 4(2012), 59-77.
- Kim, N. G. and Y. S. Park, "Influence of strategic investments on value and performance of IPO companies," Working paper, Korean Securities Association, 2009.
- Kim, Y., N. Kim, and S. R. Jeong, "Stock-Index Invest Model Using News Big Data Opinion Mining," Journal of Intelligence and Information Systems, Vol.18, No.2(2012), 143-156.
- Kothari, S. P., S. Shu and P. D. Wysocki, "Do Managers Withhold Bad News?," Journal of Accounting Research, Vol.47, No.1(2009), 241-276. https://doi.org/10.1111/j.1475-679X.2008.00318.x
- Lee, J. H., Influence of Bonus Offering Announcement on Stock Returns and Trading Volumes, Master's Dissertation, Dept. of Business Administration, Korea University, 2003.
- Malmendier, U. and D. Shanthikumar, "Are Small Investors Naive About Incentives?" Working paper, National Bureau of Economic Research, 2004.
- McConnell, J. J. and C. J. Muscarella, "Corporate capital expenditure decisions and the market value of the firm," Journal of Financial Economics, Vol.14, No.3(1985), 399-422. https://doi.org/10.1016/0304-405X(85)90006-6
- Miller, M. H. and K. Rock, "Dividend Policy under Asymmetric Information," The Journal of Finance, Vol.40, No.4(1985), 1031-1051. https://doi.org/10.1111/j.1540-6261.1985.tb02362.x
- Myers, S. C. and N. S. Majluf, "Corporate financing and investment decisions when firms have information that investors do not have," Journal of Financial Economics, Vol.13, No.2(1984), 187-221. https://doi.org/10.1016/0304-405X(84)90023-0
- Park, T. J. and K. R. Song, "Informed Trading Before Positive vs. Negative Earnings Surprises," Working paper, Korean Securities Association, 2013.
- Ross, S. A., "The Determination of Financial Structure: The Incentive-Signalling Approach," The Bell Journal of Economics, Vol.8, No.1 (1977), 23-40. https://doi.org/10.2307/3003485
- Yi, K., A Study of the effect that trading and investment patterns by investor types have on Korean stock market, Ph.D. Dissertation, Department of Business Administration, Graduate School of Korea University, 2003.
- Yon, K. H. and N. H. Kim, "Impact of Voluntary Disclosures on Information Effects of Investor Relations Announcements," Korean Journal of Financial Studies, Vol.42, No. 1(2013), 79-103
- Yoon, H. G., Y. H. Lee, and K. S. Park, "Management Performance and Announcement Effect of Seasoned Equity Offering," The Journal of Digital Policy and Management, Vol.11, No. 2(2013), 101-114. https://doi.org/10.14400/JDPM.2013.11.12.101