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The Long-Run Negative Drift of Post-Listing Stock Returns
16 references·16 citing·28 second hopsampled
The Long-Run Negative Drift of Post-Listing Stock Returns (1995)The Long-Run Negative Drift of Post-Listi…Underperformance in long-run stock returns following seasoned equity offerings (1995)Underperformance in long-run …The New Issues Puzzle (1995)The New Issues PuzzleMarket underreaction to open market share repurchases (1995)Market underreaction to open …Market Underreaction to Open Market Share Repurchases (1994)Market Underreaction to Open …Contrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Long-Term Market Overreaction or Biases in Computed Returns? (1993)Long-Term Market Overreaction…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly (1992)The Post-Merger Performance o…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Measuring abnormal performance (1992)Measuring abnormal performanceThe Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings (1989)Seasoned Offerings, Imitation…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSUsing daily stock returns (1985)Using daily stock returnsMeasuring security price performance (1980)Measuring security price perf…Information disclosure ratings and continuing overreaction: Evidence from the Chinese capital market (2021)Information disclosure rating…Characteristic-Based Benchmark Returns and Corporate Events (2018)Characteristic-Based Benchmar…The Efficient Market Hypothesis: Review of Specialized Literature and Empirical Research (2015)The Efficient Market Hypothes…Sample selection and event study estimation (2009)Sample selection and event st…The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation (2008)The Long-Term Effects of Cros…Stock exchange markets for new ventures (2008)Stock exchange markets for ne…Are There Permanent Valuation Gains to Overseas Listing? (2008)Are There Permanent Valuation…Underreaction to Self-Selected News Events: The Case of Stock Splits (2002)Underreaction to Self-Selecte…The Long‐run Performance Following Dividend Initiations and Resumptions: Underreaction or Product of Chance? (2002)The Long‐run Performance Foll…Event Study Tests: A Brief Survey (2002)Event Study Tests: A Brief Su…The Equity Performance of Firms Emerging from Bankruptcy (1999)The Equity Performance of Fir…Globalization of Equity Markets and the Cost of Capital (1999)Globalization of Equity Marke…Does NYSE Listing Affect Firm Visibility? (1999)Does NYSE Listing Affect Firm…The Long-Run Performance of Global Equity Offerings (1998)The Long-Run Performance of G…The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S. (1998)The Effects of Market Segment…International Cross-Listing and Visibility (1998)International Cross-Listing a…INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Valuation effects of security offerings and the issuance process (1986)Signalling by underpricing in the IPO market (1989)Initial Public Offerings and Underwriter Reputation (1990)Grandstanding in the venture capital industry (1996)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)On Persistence in Mutual Fund Performance (1997)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)An Empirical Evaluation of Accounting Income Numbers (1968)The Adjustment of Stock Prices to New Information (1969)Event Studies in Economics and Finance (1997)Introductory Econometrics for Finance (2008)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)Efficient Capital Markets: II (1991)ARCH modeling in finance (1992)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Investor Sentiment and the Cross‐Section of Stock Returns (2006)The relationship between return and market value of common stocks (1981)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Evidence on the Characteristics of Cross Sectional Variation in Stock Returns (1997)The Stock Market Valuation of Research and Development Expenditures (2001)Asset Growth and the Cross‐Section of Stock Returns (2008)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 1985Using daily stock returns6,497 cited
  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1991The Long‐Run Performance of initial Public Offerings3,500 cited
  • 1980Measuring security price performance3,330 cited
  • 1995Market underreaction to open market share repurchases1,739 cited
  • 1989Seasoned Offerings, Imitation Costs, and the Underpricing of Initial Public Offerings1,393 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1995Underperformance in long-run stock returns following seasoned equity offerings1,005 cited
  • 1992Measuring abnormal performance840 cited
  • 1994Market Underreaction to Open Market Share Repurchases527 cited
  • 1993Long-Term Market Overreaction or Biases in Computed Returns?

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488 cited

Cited by

  • 2002Underreaction to Self-Selected News Events: The Case of Stock Splits272 cited
  • 2008Are There Permanent Valuation Gains to Overseas Listing?186 cited
  • 1998The Effects of Market Segmentation and Investor Recognition on Asset Prices: Evidence from Foreign Stocks Listing in the U.S.175 cited
  • 2008The Long-Term Effects of Cross-Listing, Investor Recognition, and Ownership Structure on Valuation174 cited
  • 2009Sample selection and event study estimation171 cited
  • 2015The Efficient Market Hypothesis: Review of Specialized Literature and Empirical Research169 cited
  • 2002The Long‐run Performance Following Dividend Initiations and Resumptions: Underreaction or Product of Chance?154 cited
  • 1999The Equity Performance of Firms Emerging from Bankruptcy138 cited
  • 1999Globalization of Equity Markets and the Cost of Capital138 cited
  • 2021Information disclosure ratings and continuing overreaction: Evidence from the Chinese capital market89 cited
  • 2002Event Study Tests: A Brief Survey86 cited
  • 2018Characteristic-Based Benchmark Returns and Corporate Events80 cited
  • 1998The Long-Run Performance of Global Equity Offerings78 cited
  • 2008Stock exchange markets for new ventures75 cited
  • 1999Does NYSE Listing Affect Firm Visibility?75 cited
  • 1998International Cross-Listing and Visibility74 cited