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Information Asymmetry and Corporate Liquidity Management: Evidence from Real Estate Investment Trusts
16 references·5 citing·40 second hop
Information Asymmetry and Corporate Liquidity Management: Evidence from Real Estate Investment Trusts (2010)Information Asymmetry and Corporate Liqui…Why Do U.S. Firms Hold So Much More Cash than They Used To? (2009)Why Do U.S. Firms Hold So Muc…Financial Constraints, Investment, and the Value of Cash Holdings (2009)Financial Constraints, Invest…Analyst coverage and earnings management (2008)Analyst coverage and earnings…Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans (2007)Information Asymmetry and Fin…Corporate governance and firm cash holdings in the US (2007)Corporate governance and firm…Corporate governance and the value of cash holdings (2006)Corporate governance and the …Corporate Financial Policy and the Value of Cash (2006)Corporate Financial Policy an…The Cash Flow Sensitivity of Cash (2004)The Cash Flow Sensitivity of …Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…The determinants and implications of corporate cash holdings (1999)The determinants and implicat…Conflict of Interest and the Credibility of Underwriter Analyst Recommendations (1999)Conflict of Interest and the …Private and Public Supply of Liquidity (1998)Private and Public Supply of …Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Cross-Sectional Determinants …Earnings Management During Import Relief Investigations (1991)Earnings Management During Im…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…Property market liquidity and REIT liquidity (2022)Property market liquidity and…Corporate social responsibility, market reaction and accounting conservatism (2020)Corporate social responsibili…Financial Flexibility and At‐the‐Market (ATM) Equity Offerings: Evidence from Real Estate Investment Trusts (2016)Financial Flexibility and At‐…Do Investors Infer Vocal Cues from CEOS During Quarterly REIT Conference Calls? (2016)Do Investors Infer Vocal Cues…REIT Crash Risk and Institutional Investors (2015)REIT Crash Risk and Instituti…Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Earnings Management through Real Activities Manipulation (2003)Performance matched discretionary accrual measures (2005)The economic implications of corporate financial reporting (2005)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility (2011)Corporate tax avoidance and stock price crash risk: Firm-level analysis (2011)Is Earnings Quality Associated with Corporate Social Responsibility? (2012)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Why Firms Voluntarily Disclose Bad News (1994)Causes and Consequences of Earnings Manipulation: An Analysis of Firms Subject to Enforcement Actions by the SEC* (1996)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Governance and Equity Prices (2003)Costly external finance, corporate investment, and the subprime mortgage credit crisis (2010)Product Market Threats, Payouts, and Financial Flexibility (2012)Feverish Stock Price Reactions to COVID-19* (2020)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Common risk factors in the returns on stocks and bonds (1993)What Matters in Corporate Governance? (2008)The General Theory of Employment, Interest and Money. (1936)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The theory and practice of corporate finance: evidence from the field (2001)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)Corporate social responsibility and access to finance (2013)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 1991Earnings Management During Import Relief Investigations8,369 cited
  • 1999The determinants and implications of corporate cash holdings3,910 cited
  • 2004The Cash Flow Sensitivity of Cash3,523 cited
  • 2009Why Do U.S. Firms Hold So Much More Cash than They Used To?2,896 cited
  • 1993Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures2,643 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 2006Corporate governance and the value of cash holdings2,135 cited
  • 2008Analyst coverage and earnings management1,826 cited
  • 1998Private and Public Supply of Liquidity1,821 cited
  • 2007Corporate governance and firm cash holdings in the US1,730 cited
  • 2006Corporate Financial Policy and the Value of Cash1,642 cited
  • 2007Information Asymmetry and Financing Arrangements: Evidence from Syndicated Loans1,572 cited
  • 1999Conflict of Interest and the Credibility of Underwriter Analyst Recommendations

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1,549 cited
  • 2009Financial Constraints, Investment, and the Value of Cash Holdings1,382 cited
  • Cited by

    • 2020Corporate social responsibility, market reaction and accounting conservatism44 cited
    • 2015REIT Crash Risk and Institutional Investors31 cited
    • 2016Do Investors Infer Vocal Cues from CEOS During Quarterly REIT Conference Calls?30 cited
    • 2016Financial Flexibility and At‐the‐Market (ATM) Equity Offerings: Evidence from Real Estate Investment Trusts21 cited
    • 2022Property market liquidity and REIT liquidity16 cited