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Valuation Effects of Short Sale Constraints: the Case of Corporate Takeovers
16 references·0 citing·42 second hopsampled
Valuation Effects of Short Sale Constraints: the Case of Corporate Takeovers (2006)Valuation Effects of Short Sale Constrain…Short sales, institutional investors and the cross-section of stock returns (2005)Short sales, institutional in…Differences of Opinion, Short-Sales Constraints, and Market Crashes (2003)Differences of Opinion, Short…The market for borrowing stock (2002)The market for borrowing stockBreadth of ownership and stock returns (2002)Breadth of ownership and stoc…New Evidence and Perspectives on Mergers (2001)New Evidence and Perspectives…Managerial Decisions and Long‐Term Stock Price Performance (2000)Managerial Decisions and Long…Improved Methods for Tests of Long‐Run Abnormal Stock Returns (1999)Improved Methods for Tests of…Glamour, value and the post-acquisition performance of acquiring firms (1998)Glamour, value and the post-a…Measuring long-horizon security price performance (1997)Measuring long-horizon securi…Industry costs of equity (1997)Industry costs of equityDetecting long-run abnormal stock returns: The empirical power and specification of test statistics (1997)Detecting long-run abnormal s…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…Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…The market for corporate control (1983)The market for corporate cont…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…Noise Trader Risk in Financial Markets (1990)Conditional Heteroskedasticity in Asset Returns: A New Approach (1991)On the Relation between the Expected Value and the Volatility of the Nominal Excess Return on Stocks (1993)Market liquidity as a sentiment indicator (2004)Downside Risk (2006)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Cross-Section of Expected Stock Returns (1992)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)Using daily stock returns (1985)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)Capital markets research in accounting (2001)Introductory Econometrics for Finance (2008)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Do Investors Trade Too Much? (1999)The Economic Costs of Conflict: A Case Study of the Basque Country (2003)The Pricing of Options and Corporate Liabilities (1973)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Do outside directors monitor managers? (1992)Meta‐analyses of post‐acquisition performance: indications of unidentified moderators (2003)Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)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)A Survey of Corporate Governance (1997)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)The Equity Share in New Issues and Aggregate Stock Returns (2000)Chapter 18 A survey of behavioral finance (2003)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Stock market driven acquisitions (2003)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)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
  • 1997Industry costs of equity5,793 cited
  • 1983The market for corporate control4,145 cited
  • 1977RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION3,714 cited
  • 2001New Evidence and Perspectives on Mergers2,803 cited
  • 1997Detecting long-run abnormal stock returns: The empirical power and specification of test statistics2,690 cited
  • 1999Improved Methods for Tests of Long‐Run Abnormal Stock Returns1,826 cited
  • 2000Managerial Decisions and Long‐Term Stock Price Performance1,573 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 2003Differences of Opinion, Short-Sales Constraints, and Market Crashes1,356 cited
  • 1992The Post-Merger Performance of Acquiring Firms: A Re-Examination of an Anomaly1,199 cited
  • 2005Short sales, institutional investors and the cross-section of stock returns1,186 cited
  • 2002Breadth of ownership and stock returns1,175 cited
  • 2002The market for borrowing stock1,161 cited
  • 1998Glamour, value and the post-acquisition performance of acquiring firms1,067 cited

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Measuring long-horizon security price performance
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