Seasoned equity issuers’ prospectus filings: How informative is their tone?

Abstract

Qian acknowledges financial support from the Faculty Research Fellowship at Oakland University. We thank Michael Goldstein (the editor) for useful comments. Special thanks are owed to Jay Ritter and an anonymous referee for detailed and insightful comments. We also thank Coles College's two anonymous referees for their comments on an earlier version of this paper submitted to the Coles Working Paper Series.