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Institutional Investors and Equity Prices
16 references·16 citing·26 second hopsampled
Institutional Investors and Equity Prices (1998)Institutional Investors and Equity PricesMutual Fund Herding and the Impact on Stock Prices (1999)Mutual Fund Herding and the I…Herding and Feedback Trading by Institutional and Individual Investors (1999)Herding and Feedback Trading …On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies (1997)Myth or Reality? The Long-Run…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…Multifactor Explanations of Asset Pricing Anomalies (1996)Multifactor Explanations of A…The New Issues Puzzle (1995)The New Issues PuzzleThe Limits of Arbitrage (1995)The Limits of ArbitrageContrarian Investment, Extrapolation, and Risk (1994)Contrarian Investment, Extrap…The impact of institutional trading on stock prices (1992)The impact of institutional t…Noise Trader Risk in Financial Markets (1990)Noise Trader Risk in Financia…Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms (1988)Synergistic gains from corpor…Do Demand Curves for Stocks Slope Down? (1986)Do Demand Curves for Stocks S…The relationship between return and market value of common stocks (1981)The relationship between retu…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Performance of Mutual Funds in the Period 1945-1964 (1968)The Performance of Mutual Fun…The effect of financial reporting quality on corporate dividend policy (2017)The effect of financial repor…Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership (2015)Are Foreign Investors Locusts…Institutional Investors and Stock Return Anomalies (2014)Institutional Investors and S…Attracting Early Stage Investors: Evidence from a Randomized Field Experiment (2014)Attracting Early Stage Invest…Investor overlap and diffusion of disclosure practices (2012)Investor overlap and diffusio…Technical Trading Revisited: False Discoveries, Persistence Tests, and Transaction Costs (2011)Technical Trading Revisited: …The Investment Strategies of Sovereign Wealth Funds (2009)The Investment Strategies of …Costly arbitrage and idiosyncratic risk: Evidence from short sellers (2009)Costly arbitrage and idiosync…Corporate governance and dividend policy in Southeast Asia pre- and post-crisis (2009)Corporate governance and divi…Executive Pay, Hidden Compensation and Managerial Entrenchment (2007)Executive Pay, Hidden Compens…Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem (2003)Optimal Contracts in a Contin…Tax-Motivated Trading and Price Pressure: An Analysis of Mutual Fund Holdings (2000)Tax-Motivated Trading and Pri…Does Arbitrage Flatten Demand Curves for Stocks? (2000)Does Arbitrage Flatten Demand…Behavioral Factors in Mutual Fund Flows (2000)Behavioral Factors in Mutual …The Determinants of Mutual Fund Starts (1999)The Determinants of Mutual Fu…Is Institutional Ownership Associated with Earnings Management and the Extent to Which Stock Prices Reflect Future Earnings? (1999)Is Institutional Ownership As…Essays in Positive Economics (1954)Does the Stock Market Overreact? (1985)A Simple Model of Herd Behavior (1992)Risk Taking by Mutual Funds as a Response to Incentives (1997)Investor Psychology and Asset Pricing (2001)The Geography of Investment: Informed Trading and Asset Prices (2001)The General Theory of Employment, Interest and Money. (1936)The Behavior of Stock-Market Prices (1965)Continuous Auctions and Insider Trading (1985)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)A model of investor sentiment /CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Market Liquidity and Funding Liquidity (2008)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)Common risk factors in the returns on stocks and bonds (1993)Industry costs of equity (1997)Capital Market Equilibrium with Restricted Borrowing (1972)A critique of the asset pricing theory's tests Part I: On past and potential testability of the theory (1977)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Illiquidity and stock returns: cross-section and time-series effects (2002)A five-factor asset pricing model (2014)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)
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References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1996Multifactor Explanations of Asset Pricing Anomalies6,710 cited
  • 1990Noise Trader Risk in Financial Markets6,259 cited
  • 1981The relationship between return and market value of common stocks5,928 cited
  • 1995The Limits of Arbitrage5,282 cited
  • 1994Contrarian Investment, Extrapolation, and Risk4,198 cited
  • 1995The New Issues Puzzle3,550 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 1992The impact of institutional trading on stock prices2,068 cited
  • 1999Mutual Fund Herding and the Impact on Stock Prices1,730 cited
  • 1968The Performance of Mutual Funds in the Period 1945-19641,708 cited
  • 1988Synergistic gains from corporate acquisitions and their division between the stockholders of target and acquiring firms1,702 cited
  • 1999Herding and Feedback Trading by Institutional and Individual Investors1,587 cited
  • 1986Do Demand Curves for Stocks Slope Down?1,524 cited
  • 1997

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Myth or Reality? The Long-Run Underperformance of Initial Public Offerings: Evidence from Venture and Nonventure Capital-Backed Companies
1,456 cited

Cited by

  • 2003Optimal Contracts in a Continuous-Time Delegated Portfolio Management Problem242 cited
  • 1999The Determinants of Mutual Fund Starts230 cited
  • 2009Corporate governance and dividend policy in Southeast Asia pre- and post-crisis179 cited
  • 2015Are Foreign Investors Locusts? The Long-Term Effects of Foreign Institutional Ownership161 cited
  • 2017The effect of financial reporting quality on corporate dividend policy150 cited
  • 1999Is Institutional Ownership Associated with Earnings Management and the Extent to Which Stock Prices Reflect Future Earnings?132 cited
  • 2000Does Arbitrage Flatten Demand Curves for Stocks?118 cited
  • 2007Executive Pay, Hidden Compensation and Managerial Entrenchment116 cited
  • 2009Costly arbitrage and idiosyncratic risk: Evidence from short sellers116 cited
  • 2000Tax-Motivated Trading and Price Pressure: An Analysis of Mutual Fund Holdings104 cited
  • 2014Attracting Early Stage Investors: Evidence from a Randomized Field Experiment97 cited
  • 2014Institutional Investors and Stock Return Anomalies97 cited
  • 2009The Investment Strategies of Sovereign Wealth Funds97 cited
  • 2000Behavioral Factors in Mutual Fund Flows89 cited
  • 2012Investor overlap and diffusion of disclosure practices88 cited
  • 2011Technical Trading Revisited: False Discoveries, Persistence Tests, and Transaction Costs68 cited