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Local ownership as private information: Evidence on the monitoring-liquidity trade-off
16 references·16 citing·36 second hopsampled
Local ownership as private information: Evidence on the monitoring-liquidity trade-off (2006)Local ownership as private information: E…Corporate Governance and Equity Prices (2003)Corporate Governance and Equi…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Econometric Analysis of Cross Section and Panel Data (2001)Econometric Analysis of Cross…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityDo Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Management ownership and market valuation (1988)Management ownership and mark…The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)The Costs and Benefits of Own…Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…Asset pricing and the bid-ask spread (1986)Asset pricing and the bid-ask…Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Structure of Corporate Ownership: Causes and Consequences (1985)The Structure of Corporate Ow…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The Modern Corporation and Private Property (1933)The Modern Corporation and Pr…Green investment funds and corporate green innovation: From the logic of social value (2023)Green investment funds and co…Geographic Peer Effects in Management Earnings Forecasts* (2022)Geographic Peer Effects in Ma…Methodological Variation in Empirical Corporate Finance (2021)Methodological Variation in E…Trust and Local Bias (2019)Trust and Local BiasHome Bias and Local Contagion: Evidence from Funds of Hedge Funds (2019)Home Bias and Local Contagion…Local corporate social responsibility, media coverage, and shareholder value (2017)Local corporate social respon…Corporate Social Responsibility and Equity-Holder Risk in the Hospitality Industry (2016)Corporate Social Responsibili…Geographic location, excess control rights, and cash holdings (2014)Geographic location, excess c…The geography of US auditors: information quality and monitoring costs by local versus non-local auditors (2013)The geography of US auditors:…Individual political contributions and firm performance (2012)Individual political contribu…The Stock Market in the Driver's Seat! Implications for R&D and Marketing (2011)The Stock Market in the Drive…Foreign Investor Heterogeneity and Stock Liquidity Around the World (2011)Foreign Investor Heterogeneit…Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation (2011)Educational Networks, Mutual …Product market power and stock market liquidity (2010)Product market power and stoc…Measuring the costs and benefits of regulation: Conceptual issues in securities markets (2007)Measuring the costs and benef…Local Institutional Investors, Information Asymmetries, and Equity Returns (2007)Local Institutional Investors…The Nature of the Firm (1937)The Problem of Social Cost (1960)Vertical Integration, Appropriable Rents, and the Competitive Contracting Process (1978)Comparative Economic Organization: The Analysis of Discrete Structural Alternatives (1991)The quality of government (1999)The New Institutional Economics: Taking Stock, Looking Ahead (2000)Autoregressive Conditional Heteroscedasticity with Estimates of the Variance of United Kingdom Inflation (1982)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Corporate social responsibility and access to finance (2013)The China Syndrome: Local Labor Market Effects of Import Competition in the United States (2013)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)Multifactor Explanations of Asset Pricing Anomalies (1996)A five-factor asset pricing model (2014)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Noise Trader Risk in Financial Markets (1990)Investor Psychology and Security Market Under‐ and Overreactions (1998)Separation of Ownership and Control (1983)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Editor's Choice Digesting Anomalies: An Investment ApproachLiquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 2001Econometric Analysis of Cross Section and Panel Data27,575 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1986The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration9,369 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 1933The Modern Corporation and Private Property7,361 cited
  • 1988Management ownership and market valuation6,910 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1985The Structure of Corporate Ownership: Causes and Consequences6,243 cited
  • 2003Corporate Governance and Equity Prices6,115 cited
  • 1997Industry costs of equity5,793 cited

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

1986
Asset pricing and the bid-ask spread
5,087 cited

Cited by

  • 2017Local corporate social responsibility, media coverage, and shareholder value181 cited
  • 2012Individual political contributions and firm performance161 cited
  • 2011Educational Networks, Mutual Fund Voting Patterns, and CEO Compensation160 cited
  • 2023Green investment funds and corporate green innovation: From the logic of social value147 cited
  • 2007Local Institutional Investors, Information Asymmetries, and Equity Returns140 cited
  • 2011The Stock Market in the Driver's Seat! Implications for R&D and Marketing133 cited
  • 2010Product market power and stock market liquidity119 cited
  • 2011Foreign Investor Heterogeneity and Stock Liquidity Around the World116 cited
  • 2007Measuring the costs and benefits of regulation: Conceptual issues in securities markets103 cited
  • 2019Home Bias and Local Contagion: Evidence from Funds of Hedge Funds103 cited
  • 2021Methodological Variation in Empirical Corporate Finance94 cited
  • 2022Geographic Peer Effects in Management Earnings Forecasts*81 cited
  • 2013The geography of US auditors: information quality and monitoring costs by local versus non-local auditors63 cited
  • 2019Trust and Local Bias60 cited
  • 2014Geographic location, excess control rights, and cash holdings55 cited
  • 2016Corporate Social Responsibility and Equity-Holder Risk in the Hospitality Industry49 cited