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PRESS COVERAGE AND STOCK PRICE DEVIATION FROM FUNDAMENTAL VALUE
16 references·9 citing·34 second hop
PRESS COVERAGE AND STOCK PRICE DEVIATION FROM FUNDAMENTAL VALUE (2013)PRESS COVERAGE AND STOCK PRICE DEVIATION …When Is a Liability Not a Liability? Textual Analysis, Dictionaries, and 10‐Ks (2011)When Is a Liability Not a Lia…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Giving Content to Investor Sentiment: The Role of Media in the Stock Market (2007)Giving Content to Investor Se…All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)All That Glitters: The Effect…Investor Sentiment and the Cross‐Section of Stock Returns (2006)Investor Sentiment and the Cr…The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors (2002)The Quality of Accruals and E…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Information asymmetry, corpor…Noise Trader Risk in Financial Markets (1990)Noise Trader Risk in Financia…Manufacturing Consent: The Political Economy of the Mass Media. (1989)Manufacturing Consent: The Po…Prospect theory: An analysis of decision under risk (1988)Prospect theory: An analysis …A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Prospect Theory: An Analysis of Decision under Risk (1979)Prospect Theory: An Analysis …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…An Economic Theory of Democracy. (1958)An Economic Theory of Democra…Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market (2024)Does the issuance of green bo…Does carbon emission trading scheme improve corporate green mergers and acquisitions? Evidence from Chinese industrial enterprises (2024)Does carbon emission trading …Can green bond issuance promote enterprise green technological innovation? (2023)Can green bond issuance promo…Smog, media attention, and corporate social responsibility—empirical evidence from Chinese polluting listed companies (2021)Smog, media attention, and co…Money chasing hot industries? Investor attention and valuation of venture capital backed firms (2021)Money chasing hot industries?…Information disclosure, transparency ranking system and firms’ value deviation: evidence from Taiwan (2018)Information disclosure, trans…CEO media exposure, political connection and Chinese firms' stock price synchronicity (2018)CEO media exposure, political…The impact of news articles and corporate disclosure on credit risk valuation (2016)The impact of news articles a…Negative media coverage, law environment and tunneling of controlling shareholder (2015)Negative media coverage, law …The General Theory of Employment, Interest and Money. (1936)The Behavior of Stock-Market Prices (1965)The Limits of Arbitrage (1995)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)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)Risk, Ambiguity, and the Savage Axioms (1961)Judgment under Uncertainty: Heuristics and Biases (1975)The Framing of Decisions and the Psychology of Choice (1981)Exploration and Exploitation in Organizational Learning (1991)Explicating dynamic capabilities: the nature and microfoundations of (sustainable) enterprise performance (2007)Theory of games and economic behavior (2019)Editor's Choice Digesting Anomalies: An Investment ApproachThe Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Liquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)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)The economic implications of corporate financial reporting (2005)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)Specification Tests in Econometrics (1978)Econometric Analysis of Cross Section and Panel Data (2001)Robust Standard Errors for Panel Regressions with Cross-Sectional Dependence (2007)Robust Inference With Multiway Clustering (2011)Policy Uncertainty and Corporate Investment (2015)A Rational Theory of the Size of Government (1981)A Survey of Corporate Governance (1997)Economic Origins of Dictatorship and Democracy (2005)Investor Psychology and Security Market Under‐ and Overreactions (1998)Advances in prospect theory: Cumulative representation of uncertainty (1992)Integración de los mercados financieros Latinoamericanos por medio de MILA (2020)
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References

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  • 2007Giving Content to Investor Sentiment: The Role of Media in the Stock Market

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4,822 cited
  • 2007All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors4,550 cited
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    • 2016The impact of news articles and corporate disclosure on credit risk valuation59 cited
    • 2021Smog, media attention, and corporate social responsibility—empirical evidence from Chinese polluting listed companies57 cited
    • 2024Does the issuance of green bonds nudge environmental responsibility engagements? Evidence from the Chinese green bond market47 cited
    • 2021Money chasing hot industries? Investor attention and valuation of venture capital backed firms43 cited
    • 2023Can green bond issuance promote enterprise green technological innovation?41 cited
    • 2018Information disclosure, transparency ranking system and firms’ value deviation: evidence from Taiwan20 cited
    • 2024Does carbon emission trading scheme improve corporate green mergers and acquisitions? Evidence from Chinese industrial enterprises15 cited
    • 2015Negative media coverage, law environment and tunneling of controlling shareholder15 cited