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Determinants of Relative Investor Demand for Common Stocks
16 references·7 citing·44 second hop
Determinants of Relative Investor Demand for Common Stocks (1994)Determinants of Relative Investor Demand …Earnings news and small traders (1992)Earnings news and small trade…Analyst Following and Institutional Ownership (1990)Analyst Following and Institu…Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures (1986)Price and Volume Effects Asso…A test of dividend irrelevance using volume reactions to a change in dividend policy (1986)A test of dividend irrelevanc…Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements (1985)Predisclosure Information, Fi…Differential information and the small firm effect (1984)Differential information and …The effect of personal taxes and dividends on capital asset prices (1979)The effect of personal taxes …Dividends and taxes (1978)Dividends and taxesTaxes, transactions costs and the clientele effect of dividends (1977)Taxes, transactions costs and…The Asset Structure of Individual Portfolios and Some Implications for Utility Functions (1975)The Asset Structure of Indivi…THE ASSET STRUCTURE OF INDIVIDUAL PORTFOLIOS AND SOME IMPLICATIONS FOR UTILITY FUNCTIONS (1975)THE ASSET STRUCTURE OF INDIVI…INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION (1975)INDIVIDUAL INVESTOR RISK AVER…The effects of dividend yield and dividend policy on common stock prices and returns (1974)The effects of dividend yield…Marginal Stockholder Tax Rates and the Clientele Effect (1970)Marginal Stockholder Tax Rate…Aspects of the Theory of Risk-Bearing. (1966)Aspects of the Theory of Risk…Dividend Policy, Growth, and the Valuation of Shares (1961)Dividend Policy, Growth, and …Stewardship regulation and earnings quality: evidence from Japan (2020)Stewardship regulation and ea…The market valuation of M&A announcements in the United Kingdom (2015)The market valuation of M&A a…Information asymmetry, disclosure and foreign institutional investment: An empirical investigation of the impact of the Sarbanes-Oxley Act (2015)Information asymmetry, disclo…Market Behavior of Institutional Investors around Bankruptcy Announcements (2014)Market Behavior of Institutio…Institutional block-holdings of UK firms: do corporate governance mechanisms matter? (2010)Institutional block-holdings …The Determinants of REIT Institutional Ownership: Tests of the CAPM (2000)The Determinants of REIT Inst…Institutional portfolio composition: An examination of the prudent investment hypothesis (1998)Institutional portfolio compo…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Risk, Return, and Equilibrium: Empirical Tests (1973)Fundamentals and Stock Returns in Japan (1991)Alternative factor specifications, security characteristics, and the cross-section of expected stock returns1We are especially grateful to Eugene Fama (a referee), an anonymous referee and Bill Schwert (the editor) for insightful and constructive suggestions. We also thank Wayne Ferson, Ken French, Will Goetzmann, Craig Holden, Ravi Jagannathan, Bob Jennings, Bruce Lehmann, Josef Lakonishok, Richard Roll, participants at the 1997 Meetings of the Western Finance Association, the 1997 UCLA/USC/UC Irvine conference, the November 1997 Asset Pricing Meeting of the National Bureau of Economic Research, the Atlanta Forum, and seminars at Columbia, Indiana, Florida, New York, Tulane, and Yale Universities; Eugene Fama and Ken French for providing part of the data used in this study; and Christoph Schenzler for excellent programming assistance. The second author acknowledges support from the Dean's Fund for Research and the Financial Markets Research Center at Vanderbilt University. We are responsible for remaining errors. This paper was formerly titled `A Re-Examination of Security Return Anomalies'.1 (1998)Liquidity and stock returns: An alternative test (1998)Measuring security price performance (1980)The relationship between return and market value of common stocks (1981)Information and the Cost of Capital (2002)Information Asymmetry, Information Precision, and the Cost of Capital (2011)Does Integrated Reporting Matter to the Capital Market? (2017)The Adjustment of Stock Prices to New Information (1969)Principles of Corporate Finance. (1981)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)The Adjustment of Stock Prices to New Information (2003)Comovement (2004)Does Net Buying Pressure Affect the Shape of Implied Volatility Functions? (2004)An Empirical Evaluation of Accounting Income Numbers (1968)The Information Content of Annual Earnings Announcements (1968)A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)Analyst Following of Initial Public Offerings (1997)Stock price synchronicity and analyst coverage in emerging markets (2005)Can Twitter Help Predict Firm-Level Earnings and Stock Returns? (2017)Job Market Signaling (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Some anomalous evidence regarding market efficiency (1978)Efficient Capital Markets: II (1991)Is Information Risk a Determinant of Asset Returns? (2002)The Investment, Financing, and Valuation of the Corporation (1963)A Theory of Dividends Based on Tax Clienteles (2000)Exchange Rates and Fundamentals (2005)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Behavior of Stock-Market Prices (1965)The Pricing of Options and Corporate Liabilities (1973)Determinants of corporate borrowing (1977)Lifetime Portfolio Selection under Uncertainty: The Continuous-Time Case (1969)On the measurement of inequality (1970)Risk Aversion and Incentive Effects (2002)Asset pricing and the bid-ask spread (1986)Investor Sentiment and the Cross‐Section of Stock Returns (2006)Earnings Innovations, Earnings Persistence, and Stock Returns (1987)Reputation and Performance Among Security Analysts (1992)The Geography of Equity Analysis (2005)
this work references cited by second hop

References

  • 1961Dividend Policy, Growth, and the Valuation of Shares6,554 cited
  • 1966Aspects of the Theory of Risk-Bearing.1,888 cited
  • 1979The effect of personal taxes and dividends on capital asset prices1,212 cited
  • 1986Price and Volume Effects Associated with Changes in the S&P 500 List: New Evidence for the Existence of Price Pressures1,023 cited
  • 1985Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements1,005 cited
  • 1974The effects of dividend yield and dividend policy on common stock prices and returns1,002 cited
  • 1970Marginal Stockholder Tax Rates and the Clientele Effect892 cited
  • 1990Analyst Following and Institutional Ownership843 cited
  • 1978Dividends and taxes760 cited
  • 1984Differential information and the small firm effect527 cited
  • 1975INDIVIDUAL INVESTOR RISK AVERSION AND INVESTMENT PORTFOLIO COMPOSITION500 cited
  • 1992Earnings news and small traders480 cited
  • 1975The Asset Structure of Individual Portfolios and Some Implications for Utility Functions420 cited
  • 1975THE ASSET STRUCTURE OF INDIVIDUAL PORTFOLIOS AND SOME IMPLICATIONS FOR UTILITY FUNCTIONS378 cited
  • 1977Taxes, transactions costs and the clientele effect of dividends

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207 cited
  • 1986A test of dividend irrelevance using volume reactions to a change in dividend policy191 cited
  • Cited by

    • 2000The Determinants of REIT Institutional Ownership: Tests of the CAPM41 cited
    • 1998Institutional portfolio composition: An examination of the prudent investment hypothesis31 cited
    • 2010Institutional block-holdings of UK firms: do corporate governance mechanisms matter?30 cited
    • 2015Information asymmetry, disclosure and foreign institutional investment: An empirical investigation of the impact of the Sarbanes-Oxley Act28 cited
    • 2014Market Behavior of Institutional Investors around Bankruptcy Announcements23 cited
    • 2015The market valuation of M&A announcements in the United Kingdom23 cited
    • 2020Stewardship regulation and earnings quality: evidence from Japan20 cited