SZodixStudyAcademic Library
ShelvesOpen access
Study · an open academic library·Metadata from OpenAlex (CC0)·Shelves·OpenAlex metadata, de-duplicated
Information Asymmetry and the Dealer's Bid-Ask Spread: A Case Study of Earnings and Dividend Announcements
11 references·16 citing·46 second hop
Information Asymmetry and the Dealer's Bid-Ask Spread: A Case Study of Earnings and Dividend Announcements (1986)Information Asymmetry and the Dealer's Bi…Dividend Policy under Asymmetric Information (1985)Dividend Policy under Asymmet…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements (1984)Timeliness of Reporting and t…Information Effects on the Bid-Ask Spread (1983)Information Effects on the Bi…Empirical anomalies based on unexpected earnings and the importance of risk adjustments (1982)Empirical anomalies based on …Optimal dealer pricing under transactions and return uncertainty (1981)Optimal dealer pricing under …Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis (1980)Quarterly Dividend and Earnin…THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS (1978)THE SUPPLY OF DEALER SERVICES…THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS (1978)THE PRICING OF SECURITY DEALE…Systematic ‘abnormal’ returns after quarterly earnings announcements (1978)Systematic ‘abnormal’ returns…DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY (1972)DIVIDEND ANNOUNCEMENTS, SECUR…Leverage, debt maturity, and social capital (2018)Leverage, debt maturity, and …Accounting Quality and Trade Credit (2017)Accounting Quality and Trade …Twitter-Based Dissemination of Corporate Disclosure and the Intervening Effects of Firms' Visibility: Evidence from Australian-Listed Companies (2014)Twitter-Based Dissemination o…The usefulness of firm risk disclosures under different firm riskiness, investor-interest, and market conditions: New evidence from Finland (2013)The usefulness of firm risk d…Target’s earnings quality and bidders’ takeover decisions (2013)Target’s earnings quality and…Accounting Restatements and External Financing Choices* (2012)Accounting Restatements and E…Portfolio Risk Analysis (2010)Portfolio Risk AnalysisRegulation Fair Disclosure and the Cost of Adverse Selection (2008)Regulation Fair Disclosure an…Does Insider Trading Impair Market Liquidity? Evidence from IPO Lockup Expirations (2004)Does Insider Trading Impair M…Prices, Liquidity, and the Information Content of Trades (2000)Prices, Liquidity, and the In…Adverse selection and bid–ask spreads: Evidence from closed-end funds (1998)Adverse selection and bid–ask…The stock market reaction to dividend announcements (1996)The stock market reaction to …The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads. (1994)The Impact of the SEC's Segme…Liquidity Effects of the Introduction of the S&P 500 Index Futures Contract on the Underlying Stocks (1993)Liquidity Effects of the Intr…The Impact of Dividend Initiation on the Information Content of Earnings Announcements and Returns Volatility (1989)The Impact of Dividend Initia…Insider Holdings and Perceptions of Information Asymmetry: A Note (1988)Insider Holdings and Percepti…The Pricing of Options and Corporate Liabilities (1973)Theory of Rational Option Pricing (1973)Price, trade size, and information in securities markets (1987)The Relation Between Price Changes and Trading Volume: A Survey (1987)Measuring the Information Content of Stock Trades (1991)Theory of rational option pricing (2005)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)Market Liquidity and Funding Liquidity (2008)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)An Empirical Evaluation of Accounting Income Numbers (1968)The valuation effects of stock splits and stock dividends (1984)The cash-flow permanence and information content of dividend increases versus repurchases (2000)Dividend Changes and Future Profitability (2001)The Cost of Transacting (1968)The capital asset pricing model: Some empirical tests (1972)Transaction costs and the small firm effect (1983)Transaction costs and the small firm effect (1983)The Effects of Beta, Bid-Ask Spread, Residual Risk, and Size on Stock Returns (1989)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)Liquidity and stock returns: An alternative test (1998)Over-the-Counter Markets (2004)High-Frequency Trading and Price Discovery (2014)Estimating betas from nonsynchronous data (1977)Anomalies in relationships between securities' yields and yield-surrogates (1978)Misspecification of capital asset pricing (1981)Modern Investment Management: An Equilibrium Approach (2003)Earnings expectations, investor trade size, and anomalous returns around earnings announcements (2005)The Supraview of Return Predictive Signals (2012)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Insiders' profits, costs of trading, and market efficiency (1986)Market liquidity as a sentiment indicator (2004)Dividend Policy, Growth, and the Valuation of Shares (1961)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Corporate research and development expenditures and share value (1990)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)Job Market Signaling (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Efficient Capital Markets: II (1991)Constraints on short-selling and asset price adjustment to private information (1987)Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)
this work references cited by second hop

References

  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1985Dividend Policy under Asymmetric Information3,459 cited
  • 1983Information Effects on the Bid-Ask Spread1,875 cited
  • 1978THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS1,393 cited
  • 1981Optimal dealer pricing under transactions and return uncertainty1,391 cited
  • 1980Quarterly Dividend and Earnings Announcements and Stockholders' Returns: An Empirical Analysis1,137 cited
  • 1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements698 cited
  • 1972DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY690 cited
  • 1978THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS630 cited
  • 1982Empirical anomalies based on unexpected earnings and the importance of risk adjustments292 cited
  • 1978Systematic ‘abnormal’ returns after quarterly earnings announcements249 cited

Cited by

  • 1988Insider Holdings and Perceptions of Information Asymmetry: A Note214 cited
  • 2013Target’s earnings quality and bidders’ takeover decisions174 cited
  • 2010Portfolio Risk Analysis127 cited
  • 2000

Only edges whose both ends are imported exist here. Widen the year window, or show the whole map. Back to the work

Prices, Liquidity, and the Information Content of Trades
127 cited
  • 1994The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads.124 cited
  • 1996The stock market reaction to dividend announcements124 cited
  • 2014Twitter-Based Dissemination of Corporate Disclosure and the Intervening Effects of Firms' Visibility: Evidence from Australian-Listed Companies123 cited
  • 2018Leverage, debt maturity, and social capital123 cited
  • 2013The usefulness of firm risk disclosures under different firm riskiness, investor-interest, and market conditions: New evidence from Finland123 cited
  • 1998Adverse selection and bid–ask spreads: Evidence from closed-end funds122 cited
  • 2004Does Insider Trading Impair Market Liquidity? Evidence from IPO Lockup Expirations122 cited
  • 1989The Impact of Dividend Initiation on the Information Content of Earnings Announcements and Returns Volatility119 cited
  • 2012Accounting Restatements and External Financing Choices*115 cited
  • 2017Accounting Quality and Trade Credit107 cited
  • 1993Liquidity Effects of the Introduction of the S&P 500 Index Futures Contract on the Underlying Stocks107 cited
  • 2008Regulation Fair Disclosure and the Cost of Adverse Selection104 cited