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Value creating stock manipulation: feedback effect of stock prices on firm value
16 references·16 citing·33 second hopsampled
Value creating stock manipulation: feedback effect of stock prices on firm value (2004)Value creating stock manipulation: feedba…A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)A Unified Theory of Underreac…Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Psychology and Secur…A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.1 (1998)A model of investor sentiment…Credit Cycles (1997)Credit CyclesCapital-Market Imperfections and Investment (1997)Capital-Market Imperfections …Positive Feedback Investment Strategies and Destabilizing Rational Speculation (1990)Positive Feedback Investment …Agency Costs, Net Worth, And Business Fluctuations (1988)Agency Costs, Net Worth, And …Signaling Games and Stable Equilibria (1987)Signaling Games and Stable Eq…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…Credit Rationing in Markets with Imperfect Information (1981)Credit Rationing in Markets w…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…On the Impossibility of Informationally Efficient Markets (1980)On the Impossibility of Infor…Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends? (1980)Do Stock Prices Move Too Much…The Debt-Deflation Theory of Great Depressions (1933)The Debt-Deflation Theory of …A model of investor sentiment /A model of investor sentiment…Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation (2022)Investor psychology in the st…Stock liquidity and corporate labor investment (2021)Stock liquidity and corporate…Enhancing intraday stock price manipulation detection by leveraging recurrent neural networks with ensemble learning (2019)Enhancing intraday stock pric…LIQUIDITY AND FIRM VALUE IN AN EMERGING MARKET (2018)LIQUIDITY AND FIRM VALUE IN A…An Experimental Study of Bond Market Pricing (2018)An Experimental Study of Bond…Stock Liquidity and Corporate Diversification: Evidence from China's Split Share Structure Reform (2017)Stock Liquidity and Corporate…Liquidity, Ownership Concentration, Corporate Governance, and Firm Value: Evidence from Thailand (2016)Liquidity, Ownership Concentr…Liquidity and Return Relationships in an Emerging Market (2014)Liquidity and Return Relation…Predatory Short Selling (2013)Predatory Short SellingThe Real Effects of Financial Markets (2012)The Real Effects of Financial…MARKET MANIPULATION: A SURVEY (2011)MARKET MANIPULATION: A SURVEYLearning and Complementarities in Speculative Attacks (2011)Learning and Complementaritie…Foreign Investor Heterogeneity and Stock Liquidity Around the World (2011)Foreign Investor Heterogeneit…Doing Battle with Short Sellers: The Conflicted Role of Blockholders in Bear Raids (2011)Doing Battle with Short Selle…Feedback Effects and Asset Prices (2008)Feedback Effects and Asset Pr…Feedback and the Success of Irrational Investors (2003)Feedback and the Success of I…Dividend Policy, Growth, and the Valuation of Shares (1961)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Noise Trader Risk in Financial Markets (1990)Time Series Analysis, Forecasting, and Control (1995)Increases in risk and in risk aversion (1974)Risk Sharing and Incentives in the Principal and Agent Relationship (1979)Corporate financing and investment decisions when firms have information that investors do not have (1984)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Financial Dependence and Growth (1996)Moral Hazard and Observability (1979)Optimal contracts and competitive markets with costly state verification (1979)Theory ahead of business-cycle measurement (1986)Financial Constraints Risk (2006)Market Liquidity and Funding Liquidity (2008)Deciphering the Liquidity and Credit Crunch 2007–2008 (2009)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Illiquidity and stock returns: cross-section and time-series effects (2002)Does the Stock Market Overreact? (1985)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Boys will be Boys: Gender, Overconfidence, and Common Stock Investment (2001)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Market efficiency, long-term returns, and behavioral finance1The comments of Brad Barber, David Hirshleifer, S.P. Kothari, Owen Lamont, Mark Mitchell, Hersh Shefrin, Robert Shiller, Rex Sinquefield, Richard Thaler, Theo Vermaelen, Robert Vishny, Ivo Welch, and a referee have been helpful. Kenneth French and Jay Ritter get special thanks.1 (1998)Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Capital markets research in accounting (2001)Judgment under Uncertainty: Heuristics and Biases (1975)In Search of Attention (2011)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)Efficient Capital Markets: II (1991)Financial Intermediation, Loanable Funds, and The Real Sector (1997)
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References

  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1998Investor Psychology and Security Market Under‐ and Overreactions5,711 cited
  • 1997Credit Cycles5,254 cited
  • 1980On the Impossibility of Informationally Efficient Markets5,122 cited
  • 1988Agency Costs, Net Worth, And Business Fluctuations4,382 cited
  • n.d.A model of investor sentiment /4,073 cited
  • 1980Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?4,020 cited
  • 1999A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets4,018 cited
  • 1980On the Impossibility of Informationally Efficient Markets3,640 cited
  • 1987Signaling Games and Stable Equilibria3,227 cited
  • 1998A model of investor sentiment1We are grateful to the NSF for financial support, and to Oliver Blanchard, Alon Brav, John Campbell (a referee), John Cochrane, Edward Glaeser, J.B. Heaton, Danny Kahneman, David Laibson, Owen Lamont, Drazen Prelec, Jay Ritter (a referee), Ken Singleton, Dick Thaler, an anonymous referee, and the editor, Bill Schwert, for comments.12,865 cited
  • 1997Capital-Market Imperfections and Investment

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2,600 cited
  • 1933The Debt-Deflation Theory of Great Depressions2,516 cited
  • 1990Positive Feedback Investment Strategies and Destabilizing Rational Speculation2,197 cited
  • Cited by

    • 2008Feedback Effects and Asset Prices122 cited
    • 2013Predatory Short Selling119 cited
    • 2011Foreign Investor Heterogeneity and Stock Liquidity Around the World116 cited
    • 2011MARKET MANIPULATION: A SURVEY115 cited
    • 2014Liquidity and Return Relationships in an Emerging Market94 cited
    • 2021Stock liquidity and corporate labor investment92 cited
    • 2019Enhancing intraday stock price manipulation detection by leveraging recurrent neural networks with ensemble learning82 cited
    • 2011Learning and Complementarities in Speculative Attacks80 cited
    • 2003Feedback and the Success of Irrational Investors79 cited
    • 2011Doing Battle with Short Sellers: The Conflicted Role of Blockholders in Bear Raids72 cited
    • 2016Liquidity, Ownership Concentration, Corporate Governance, and Firm Value: Evidence from Thailand65 cited
    • 2018LIQUIDITY AND FIRM VALUE IN AN EMERGING MARKET59 cited
    • 2022Investor psychology in the stock market: An empirical study of the impact of overconfidence on firm valuation45 cited
    • 2012The Real Effects of Financial Markets45 cited
    • 2017Stock Liquidity and Corporate Diversification: Evidence from China's Split Share Structure Reform44 cited
    • 2018An Experimental Study of Bond Market Pricing43 cited