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The “CalPERS effect” revisited again
16 references·11 citing·39 second hop
The “CalPERS effect” revisited again (2005)The “CalPERS effect” revisited againTHE STATE OF U.S. CORPORATE GOVERNANCE: WHAT'S RIGHT AND WHAT'S WRONG? (2003)THE STATE OF U.S. CORPORATE G…The “CalPERS effect” revisited (2003)The “CalPERS effect” revisitedHostility in Takeovers: In the Eyes of the Beholder? (2000)Hostility in Takeovers: In th…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)Market efficiency, long-term …Shareholder Activism by Institutional Investors: Evidence from CalPERS (1996)Shareholder Activism by Insti…Pension Fund Activism and Firm Performance (1996)Pension Fund Activism and Fir…Public Pension Fund Activism and Firm Performance (1994)Public Pension Fund Activism …Event-study methodology under conditions of event-induced variance (1991)Event-study methodology under…Efficient Capital Markets: II (1991)Efficient Capital Markets: IIEfficient Capital Markets: II (1991)Efficient Capital Markets: IIA nonparametric test for abnormal security-price performance in event studies (1989)A nonparametric test for abno…Using daily stock returns (1985)Using daily stock returnsMeasuring security price performance (1980)Measuring security price perf…Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test (1976)Corporate Forecasts of Earnin…THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)THE PERFORMANCE OF MUTUAL FUN…The Performance of Mutual Funds in the Period 1945-1964 (1968)The Performance of Mutual Fun…It's About Time! The Influence of Institutional Investment Horizon on Corporate Social Responsibility (2017)It's About Time! The Influenc…Governance mechanisms and effective activism: Evidence from shareholder proposals on poison pills (2017)Governance mechanisms and eff…The role of institutional investors in public-to-private transactions (2013)The role of institutional inv…Facilitating Investor Engagement and Stewardship (2013)Facilitating Investor Engagem…Institutional Activism Through Litigation: An Empirical Analysis of Public Pension Fund Participation in Securities Class Actions (2012)Institutional Activism Throug…Challenges in the Measuring of Comparative Corporate Governance: A Review of the Main Indices (2012)Challenges in the Measuring o…Revisiting Shareholder Activism at AGMs: Voting Determinants of Large and Small Shareholders (2011)Revisiting Shareholder Activi…Forms and Effects of Shareholder Activism (2010)Forms and Effects of Sharehol…Value of outside blockholder activism: Evidence from the switchers (2009)Value of outside blockholder …Explaining Differences in the Quality of Governance Among Companies: Evidence from Emerging Markets (2007)Explaining Differences in the…Monitoring the Monitor: Evaluating Calpers' Activism (2006)Monitoring the Monitor: Evalu…The Event Study Methodology Since 1969 (1998)The Adjustment of Stock Prices to New Information (2003)Event Study Testing with Cross-sectional Correlation of Abnormal Returns (2010)Testing Asymmetric-Information Asset Pricing Models (2012)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)Earnings Management During Import Relief Investigations (1991)Event Studies in Economics and Finance (1997)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Large Shareholders and Corporate Control (1986)Agency costs of free cash flow, corporate finance, and takeovers (1996)Corporate Disclosure Practices, Institutional Investors, and Stock Return Volatility (2000)Environmental risk management and the cost of capital (2008)Hedge Fund Activism, Corporate Governance, and Firm Performance (2008)An Empirical Evaluation of Accounting Income Numbers (1968)The Adjustment of Stock Prices to New Information (1969)Risk, Return, and Equilibrium: Empirical Tests (1973)Introductory Econometrics for Finance (2008)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Presidential Address: Discount Rates (2011)Corporate financing and investment decisions when firms have information that investors do not have (1984)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Capital markets research in accounting (2001)Time Series Analysis: Forecasting and Control (1977)Time Series Analysis: Forecasting and Control (1977)ARCH modeling in finance (1992)The Behavior of Stock-Market Prices (1965)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Noise Trader Risk in Financial Markets (1990)The arbitrage theory of capital asset pricing (1976)An Anatomy of Trading Strategies (1998)Inefficient Markets (2000)Short-sale constraints and stock returns (2002)How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)Luck versus Skill in the Cross‐Section of Mutual Fund Returns (2010)
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References

  • 1985Using daily stock returns6,497 cited
  • 1991Efficient Capital Markets: II5,346 cited
  • 1968THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–19644,330 cited
  • 1980Measuring security price performance3,330 cited
  • 1998Market 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.12,572 cited
  • 1991Event-study methodology under conditions of event-induced variance1,777 cited
  • 1976Corporate Forecasts of Earnings Per Share and Stock Price Behavior: Empirical Test1,749 cited
  • 1968The Performance of Mutual Funds in the Period 1945-19641,708 cited
  • 1996Shareholder Activism by Institutional Investors: Evidence from CalPERS1,291 cited
  • 1991Efficient Capital Markets: II1,271 cited
  • 1989A nonparametric test for abnormal security-price performance in event studies1,077 cited
  • 2000Hostility in Takeovers: In the Eyes of the Beholder?851 cited
  • 1996Pension Fund Activism and Firm Performance636 cited
  • 2003THE STATE OF U.S. CORPORATE GOVERNANCE: WHAT'S RIGHT AND WHAT'S WRONG?315 cited

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  • 2003The “CalPERS effect” revisited92 cited
  • 1994Public Pension Fund Activism and Firm Performance69 cited
  • Cited by

    • 2006Monitoring the Monitor: Evaluating Calpers' Activism62 cited
    • 2010Forms and Effects of Shareholder Activism61 cited
    • 2012Institutional Activism Through Litigation: An Empirical Analysis of Public Pension Fund Participation in Securities Class Actions52 cited
    • 2017It's About Time! The Influence of Institutional Investment Horizon on Corporate Social Responsibility46 cited
    • 2007Explaining Differences in the Quality of Governance Among Companies: Evidence from Emerging Markets40 cited
    • 2012Challenges in the Measuring of Comparative Corporate Governance: A Review of the Main Indices36 cited
    • 2009Value of outside blockholder activism: Evidence from the switchers35 cited
    • 2017Governance mechanisms and effective activism: Evidence from shareholder proposals on poison pills28 cited
    • 2013The role of institutional investors in public-to-private transactions24 cited
    • 2011Revisiting Shareholder Activism at AGMs: Voting Determinants of Large and Small Shareholders23 cited
    • 2013Facilitating Investor Engagement and Stewardship21 cited