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Information Asymmetry and the Dealer's Bid-Ask Spread: A Case Study of Earnings and Dividend Announcements
11 references·16 citing·39 second hopsampled
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 …Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement (2016)Capital-Market Effects of Sec…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…Portfolio Risk Analysis (2010)Portfolio Risk AnalysisTrading Volume, Information Asymmetry, and Timing Information (2005)Trading Volume, Information A…Prices, Liquidity, and the Information Content of Trades (2000)Prices, Liquidity, and the In…The stock market reaction to dividend announcements (1996)The stock market reaction to …Earnings Announcements and the Components of the Bid-Ask Spread (1996)Earnings Announcements and th…Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets* (1995)Disclosure Policy, Informatio…The Impact of the SEC's Segment Disclosure Requirement on Bid-Ask Spreads. (1994)The Impact of the SEC's Segme…Market liquidity and volume around earnings announcements (1994)Market liquidity and volume a…Spreads, Depths, and the Impact of Earnings Information: An Intraday Analysis (1993)Spreads, Depths, and the Impa…Liquidity and Asset Prices: Financial Management Implications (1988)Liquidity and Asset Prices: F…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)A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market (1984)Illiquidity and stock returns: cross-section and time-series effects (2002)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)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Performance Hypothesis Testing with the Sharpe and Treynor Measures (1981)The valuation effects of stock splits and stock dividends (1984)A Subordinated Stochastic Process Model with Finite Variance for Speculative Prices (1973)Dealership market (1980)Asset pricing and the bid-ask spread (1986)Market Liquidity and Funding Liquidity (2008)Continuous Auctions and Insider Trading (1985)Social disclosure, financial disclosure and the cost of equity capital (2001)Environmental disclosure quality in large German companies: Economic incentives, public pressures or institutional conditions? (2005)The economic consequences associated with integrated report quality: Capital market and real effects (2017)Disclosure, Liquidity, and the Cost of Capital (1991)Illiquidity and Stock Returns II: Cross-Section and Time-Series Effects (2018)Adoption of CSR and Sustainability Reporting Standards: Economic Analysis and Review (2019)Inferring Trade Direction from Intraday Data (1991)Commonality in liquidity (2000)Optimal execution of portfolio transactions (2001)The Cost of Transacting (1968)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)The Only Game in Town (1971)Price, trade size, and information in securities markets (1987)Dividend Policy, Growth, and the Valuation of Shares (1961)An Empirical Evaluation of Accounting Income Numbers (1968)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)Efficient Capital Markets: II (1991)Price Reactions to Dividend Initiations and Omissions: Overreaction or Drift? (1995)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)
this work references cited by second hop· second hop is a sample of the most-cited connections

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 Analysis1,147 cited
  • 1972DIVIDEND ANNOUNCEMENTS, SECURITY PERFORMANCE, AND CAPITAL MARKET EFFICIENCY701 cited
  • 1984Timeliness of Reporting and the Stock Price Reaction to Earnings Announcements698 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 adjustments297 cited
  • 1978Systematic ‘abnormal’ returns after quarterly earnings announcements249 cited

Cited by

  • 1994Market liquidity and volume around earnings announcements1,786 cited
  • 1995Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets*1,183 cited
  • 1993Spreads, Depths, and the Impact of Earnings Information: An Intraday Analysis979 cited

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

  • 2005Trading Volume, Information Asymmetry, and Timing Information549 cited
  • 2016Capital-Market Effects of Securities Regulation: Prior Conditions, Implementation, and Enforcement457 cited
  • 1996Earnings Announcements and the Components of the Bid-Ask Spread388 cited
  • 1988Liquidity and Asset Prices: Financial Management Implications354 cited
  • 1988Insider Holdings and Perceptions of Information Asymmetry: A Note214 cited
  • 2013Target’s earnings quality and bidders’ takeover decisions174 cited
  • 2010Portfolio Risk Analysis127 cited
  • 2000Prices, Liquidity, and the Information Content of Trades127 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