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Governance Mechanisms and Equity Prices
16 references·16 citing·29 second hopsampled
Governance Mechanisms and Equity Prices (2003)Governance Mechanisms and Equity PricesInternal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective (2001)Internal Monitoring Mechanism…Are CEOs Rewarded for Luck? The Ones Without Principals Are (2001)Are CEOs Rewarded for Luck? T…Investor protection and corporate governance (2000)Investor protection and corpo…Corporate governance proposals and shareholder activism: the role of institutional investors (2000)Corporate governance proposal…Law and Finance (1998)Law and FinanceInstitutional Investors and Equity Prices (1998)Institutional Investors and E…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Industry costs of equity (1997)Industry costs of equityA Survey of Corporate Governance (1997)A Survey of Corporate Governa…The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)The Modern Industrial Revolut…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Managerial control of voting rights (1988)Managerial control of voting …Large Shareholders and Corporate Control (1986)Large Shareholders and Corpor…The market for corporate control (1983)The market for corporate cont…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…CEO Turnover and Volatility under Long-Term Employment Contracts (2019)CEO Turnover and Volatility u…Under- vs over-investment: hotel firms’ value around acquisitions (2017)Under- vs over-investment: ho…Monitoring the Monitor: Distracted Institutional Investors and Board Governance (2017)Monitoring the Monitor: Distr…The Implications of Corporate Social Responsibility for Investors: An Overview and Evaluation of the Existing CSR Literature (2014)The Implications of Corporate…Corporate Governance and Risk Taking in Pension Plans: Evidence from Defined Benefit Asset Allocations (2013)Corporate Governance and Risk…An Integrated Corporate Governance Framework and Financial Performance in South African‐Listed Corporations (2013)An Integrated Corporate Gover…Agency Cost, Dividend Policy and Growth: The Special Case of REITs (2013)Agency Cost, Dividend Policy …Concentrating on Governance (2011)Concentrating on GovernanceCompetition and Financial Accounting Misreporting (2011)Competition and Financial Acc…Thirty Years of Shareholder Rights and Firm Valuation (2009)Thirty Years of Shareholder R…The Complementarity between Corporate Governance and Corporate Social Responsibility (2005)The Complementarity between C…Investor Inattention, Firm Reaction, and Friday Earnings Announcements (2005)Investor Inattention, Firm Re…External Corporate Governance and Misreporting (2005)External Corporate Governance…Do Better-Governed Australian Firms Make More Informative Disclosures? (2005)Do Better-Governed Australian…Corporate Governance and Financing Policy: New Evidence (2005)Corporate Governance and Fina…Corporate Governance: Theory and Practice (2004)Corporate Governance: Theory …CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)The Behavior of Stock-Market Prices (1965)THE VALUATION OF RISK ASSETS AND THE SELECTION OF RISKY INVESTMENTS IN STOCK PORTFOLIOS AND CAPITAL BUDGETS**This paper is another in a series of interrelated theoretical and statistical studies of corporate financial and investment policies being made under grants from the Rockefeller Foundation, and more recently the Ford Foundation, to the Harvard Business School. The generous support for this work is most gratefully acknowledged. The author is also much indebted to his colleagues Professors Bishop, Christenson, Kahr, Raiffa, and (especially) Schlaifer, for extensive discussion and commentary on an earlier draft of this paper; but responsibility for any errors or imperfections remains strictly his own.[Professor Sharpe's paper, “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk” (Journal of Finance, September 1964) appeared after this paper was in final form and on its way to the printers. My first section, which parallels the first half of his paper (with corresponding conclusions), sets the algebraic framework for sections II, III and VI, (which have no counterpart in his paper) and for section IV on the equilibrium prices of risk assets, concerning which our results differ significantly for reasons which will be explored elsewhere. Sharpe does not take up the capital budgeting problem developed in section V below.] (1975)Does the Stock Market Overreact? (1985)Investor Psychology and Security Market Under‐ and Overreactions (1998)Mergers and the Market for Corporate Control (1965)Takeover Bids, The Free-Rider Problem, and the Theory of the Corporation (1980)Corporate Ownership Around the World (1999)The Problem of Social Cost (1960)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate Governance and Equity Prices (2003)Earnings management and investor protection: an international comparison (2003)Law, finance, and economic growth in China (2005)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Performance Pay and Top-Management Incentives (1990)Agency costs of free cash flow, corporate finance, and takeovers (1996)Higher market valuation of companies with a small board of directors (1996)Corporate governance, chief executive officer compensation, and firm performance (1999)The Nature of the Firm (1937)Separation of Ownership and Control (1983)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Legal Determinants of External Finance (1997)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Multifactor Explanations of Asset Pricing Anomalies (1996)Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Conditional Skewness in Asset Pricing Tests (2000)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1998Law and Finance17,902 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1997A Survey of Corporate Governance16,237 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1993The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems8,544 cited
  • 1986Large Shareholders and Corporate Control8,403 cited
  • 2000Investor protection and corporate governance6,847 cited
  • 1997Industry costs of equity5,793 cited
  • 1983The market for corporate control4,145 cited
  • 1988Managerial control of voting rights2,441 cited
  • 2000Corporate governance proposals and shareholder activism: the role of institutional investors1,776 cited
  • 2001Are CEOs Rewarded for Luck? The Ones Without Principals Are1,740 cited
  • 1998Institutional Investors and Equity Prices1,263 cited
  • 2001Internal Monitoring Mechanisms and CEO Turnover: A Long‐Term Perspective

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  • 2013An Integrated Corporate Governance Framework and Financial Performance in South African‐Listed Corporations71 cited
  • 2013Corporate Governance and Risk Taking in Pension Plans: Evidence from Defined Benefit Asset Allocations67 cited
  • 2017Monitoring the Monitor: Distracted Institutional Investors and Board Governance64 cited
  • 2009Thirty Years of Shareholder Rights and Firm Valuation61 cited
  • 2011Competition and Financial Accounting Misreporting57 cited
  • 2004Corporate Governance: Theory and Practice49 cited
  • 2014The Implications of Corporate Social Responsibility for Investors: An Overview and Evaluation of the Existing CSR Literature49 cited
  • 2005Investor Inattention, Firm Reaction, and Friday Earnings Announcements46 cited
  • 2005External Corporate Governance and Misreporting44 cited
  • 2017Under- vs over-investment: hotel firms’ value around acquisitions42 cited
  • 2013Agency Cost, Dividend Policy and Growth: The Special Case of REITs42 cited
  • 2019CEO Turnover and Volatility under Long-Term Employment Contracts40 cited