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Restructuring transactions by bank holding companies: The valuation effects of sale-and-leasebacks and divestitures
16 references·4 citing·41 second hop
Restructuring transactions by bank holding companies: The valuation effects of sale-and-leasebacks and divestitures (1991)Restructuring transactions by bank holdin…The market for interfirm asset sales (1987)The market for interfirm asse…The association between accounting earnings and security returns for large and small firms (1987)The association between accou…Firm size and the information content of prices with respect to earnings (1987)Firm size and the information…The Hubris Hypothesis of Corporate Takeovers (1986)The Hubris Hypothesis of Corp…Investment banking and the capital acquisition process (1986)Investment banking and the ca…Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements (1985)Predisclosure Information, Fi…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Information Reliability and a Theory of Financial Intermediation (1984)Information Reliability and a…Financial Intermediation and Delegated Monitoring (1984)Financial Intermediation and …Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…The market for corporate control (1983)The market for corporate cont…Security price reactions around corporate spin-off announcements (1983)Security price reactions arou…Effects of recontracting on shareholder wealth (1983)Effects of recontracting on s…Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital (1981)Federal Deposit Insurance, Re…Financial Theory and Corporate Policy. (1980)Financial Theory and Corporat…VALUATION OF FINANCIAL LEASE CONTRACTS (1976)VALUATION OF FINANCIAL LEASE …Corporate divestiture and performance: an institutional view (2017)Corporate divestiture and per…Bank Management between Shareholders and Regulators (2002)Bank Management between Share…Banks' responses to binding regulatory capital requirements (1996)Banks' responses to binding r…Information content of bank insider trading (1995)Information content of bank i…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (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)An analysis of intertemporal and cross-sectional determinants of earnings response coefficients (1989)Trading Volume and Price Reactions to Public Announcements (1991)Capital markets research in accounting (2001)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Efficient Capital Markets: II (1991)A Survey of Corporate Governance (1997)CEO Overconfidence and Corporate Investment (2005)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Moral Hazard and Observability (1979)The economics of small business finance: The roles of private equity and debt markets in the financial growth cycle (1998)Finance and Growth: Theory and Evidence (2004)The arbitrage theory of capital asset pricing (1976)Bank Runs, Deposit Insurance, and Liquidity (1983)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial intermediation and growth: Causality and causes (2000)Dividend Policy, Growth, and the Valuation of Shares (1961)Job Market Signaling (1973)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Long-Run Performance of Initial Public Offerings (1991)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)An Empirical Evaluation of Accounting Income Numbers (1968)The relationship between return and market value of common stocks (1981)The relations among environmental disclosure, environmental performance, and economic performance: a simultaneous equations approach (2003)Nonfinancial Disclosure and Analyst Forecast Accuracy: International Evidence on Corporate Social Responsibility Disclosure (2012)Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Agency Theory: An Assessment and Review (1989)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)Organizational Culture: Can It Be a Source of Sustained Competitive Advantage? (1986)Diversification's effect on firm value (1995)Shareholder value, stakeholder management, and social issues: what's the bottom line? (2001)
this work references cited by second hop

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1984Financial Intermediation and Delegated Monitoring8,489 cited
  • 1983The market for corporate control4,145 cited
  • 1986The Hubris Hypothesis of Corporate Takeovers3,764 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1980Financial Theory and Corporate Policy.1,699 cited
  • 1984Information Reliability and a Theory of Financial Intermediation1,162 cited
  • 1985Predisclosure Information, Firm Capitalization, and Security Price Behavior Around Earnings Announcements1,005 cited
  • 1986Investment banking and the capital acquisition process979 cited
  • 1987The association between accounting earnings and security returns for large and small firms528 cited
  • 1981Federal Deposit Insurance, Regulatory Policy, and Optimal Bank Capital525 cited
  • 1987Firm size and the information content of prices with respect to earnings453 cited
  • 1983Security price reactions around corporate spin-off announcements452 cited
  • 1983Effects of recontracting on shareholder wealth384 cited
  • 1987The market for interfirm asset sales346 cited

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  • 1976VALUATION OF FINANCIAL LEASE CONTRACTS333 cited
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    • 1995Information content of bank insider trading21 cited
    • 1996Banks' responses to binding regulatory capital requirements18 cited
    • 2002Bank Management between Shareholders and Regulators18 cited
    • 2017Corporate divestiture and performance: an institutional view13 cited