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Research Assistant Opportunity

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.