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Investors' Horizons and the Amplification of Market Shocks
16 references·16 citing·45 second hopsampled
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 2000Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors3,953 cited
  • 1998The Influence of Institutional Investors on Myopic R&D Investment Behavior3,013 cited
  • 1992Liquidation Values and Debt Capacity: A Market Equilibrium Approach2,901 cited
  • 1989Efficient Capital Markets, Inefficient Firms: A Model of Myopic Corporate Behavior2,585 cited
  • 2008Liquidity and leverage2,557 cited
  • 1997Risk Taking by Mutual Funds as a Response to Incentives2,295 cited
  • 2000Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses1,854 cited
  • 1993Understanding Risk and Return1,797 cited
  • 2005Asset Fire Sales (and Purchases) in Equity Markets1,704 cited
  • 2009How Active Is Your Fund Manager? A New Measure That Predicts Performance1,660 cited
  • 2002A cross-firm analysis of the impact of corporate governance on the East Asian financial crisis1,571 cited
  • 2000Corporate Disclosure Practices, Institutional Investors, and Stock Return Volatility1,539 cited
  • 2004Shareholder investment horizons and the market for corporate control

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1,271 cited
  • 1995Momentum Investment Strategies, Portfolio Performance, and Herding: A Study of Mutual Fund Behavior1,177 cited
  • Cited by

    • 2019When Anomalies Are Publicized Broadly, Do Institutions Trade Accordingly?99 cited
    • 2015The Beauty Contest and Short‐Term Trading98 cited
    • 2019The Role of Mutual Funds in Corporate Social Responsibility98 cited
    • 2013Do Hedge Funds Supply or Demand Liquidity?85 cited
    • 2019Machine Learning Versus Economic Restrictions: Evidence from Stock Return Predictability74 cited
    • 2020Engaging Employees for the Long Run: Long-Term Investors and Employee-Related CSR71 cited
    • 2020Do Institutional Investors Stabilize Equity Markets in Crisis Periods? Evidence from COVID-1967 cited
    • 2021The Unintended Consequences of Corporate Bond ETFs: Evidence from the Taper Tantrum53 cited
    • 2017Short-Term Investors, Long-Term Investments, and Firm Value52 cited
    • 2015Do Institutional Investors Drive Corporate Social Responsibility? International Evidence52 cited
    • 2023Holding Horizon: A New Measure of Active Investment Management50 cited
    • 2017It's About Time! The Influence of Institutional Investment Horizon on Corporate Social Responsibility46 cited
    • 2023Labor Unemployment Risk and CEO Incentive Compensation45 cited
    • 2010Institutional Investors and Corporate Investment39 cited
    • 2011Market Crashes and Institutional Trading38 cited
    • 2018Investor Rewards to Climate Responsibility: Evidence from the 2016 Climate Policy Shock37 cited