Journal Article
Another view of the underpricing of initial public offerings
Ruud, Judith S. (1991-04)
How should high average initial returns on new public offerings of common stocks be interpreted? The usual view is that such offerings are intentionally underpriced. This study draws on previously neglected information about return distributions and market practice to advance a different explanation for the high average returns.
Quarterly Review , Volume 16 , Issue Spr , Pages 83-85

Report
Underwriter price support and the IPO underpricing puzzle
Ruud, Judith S. (1991)
Research Paper , Paper 9117

Journal Article
Corporate refinancing in the 1990s
Remolona, Eli M.; Ruud, Judith S.; McCauley, Robert N.; Iacono, Frank (1992-01)
U.S. corporations have floated stocks and bonds in unprecedented amounts in the last year. How much have corporate treasurers reduced their firms' interest payments through such refinancing? After assessing the motives for refinancing, the authors estimate the aggregate interest savings achieved through equity issuance, bond calls, and bond sales and compare the effectiveness of refinancing and lower short-term interest rates in easing the interest burden on U.S. corporations' cash flows.
Quarterly Review , Volume 17 , Issue Win , Pages 1-27

Report
Excess capacity in the securities industry
Ruud, Judith S. (1993)
Research Paper , Paper 9317