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Agency Costs, Market Discipline and Market Timing: Evidence from Post-IPO Operating Performance
16 references·3 citing·34 second hop
Agency Costs, Market Discipline and Market Timing: Evidence from Post-IPO Operating Performance (1996)Agency Costs, Market Discipline and Marke…American Economic Review (2019)American Economic ReviewThe Post-Issue Operating Performance of IPO Firms (1994)The Post-Issue Operating Perf…The Long‐Run Performance of initial Public Offerings (1991)The Long‐Run Performance of i…Initial Public Offerings and Underwriter Reputation (1990)Initial Public Offerings and …Asymmetric Information, Corporate Finance, and Investment (1990)Asymmetric Information, Corpo…Additional evidence on equity ownership and corporate value (1990)Additional evidence on equity…The effects of management buyouts on operating performance and value (1989)The effects of management buy…Equity ownership concentration and firm value (1989)Equity ownership concentratio…The role of majority shareholders in publicly held corporations (1988)The role of majority sharehol…Managerial control of voting rights (1988)Managerial control of voting …Management ownership and market valuation (1988)Management ownership and mark…INITIAL PUBLIC OFFERINGS (1988)INITIAL PUBLIC OFFERINGSAgency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…The Structure of Ownership and the Theory of the Firm (1983)The Structure of Ownership an…Agency Problems and the Theory of the Firm (1980)Agency Problems and the Theor…Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Theory of the firm: Manageria…Attention to Global Warming and the Success of Environmental Initial Coin Offerings: Empirical Evidence (2020)Attention to Global Warming a…The impact of stakeholders’ temporal orientaton on short- and long-term IPO outcomes: A meta-analysis (2018)The impact of stakeholders’ t…Testing a model of signals in the IPO offer process (2008)Testing a model of signals in…Large Shareholders and Corporate Control (1986)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)The theory and practice of corporate finance: evidence from the field (2001)Separation of Ownership and Control (1983)Law and Finance (1998)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)Higher market valuation of companies with a small board of directors (1996)Founding‐Family Ownership and Firm Performance: Evidence from the S&P 500 (2003)Theory of Rational Option Pricing (1973)INFORMATIONAL ASYMMETRIES, FINANCIAL STRUCTURE, AND FINANCIAL INTERMEDIATION (1977)Underwriter Reputation, Initial Returns, and the Long‐Run Performance of IPO Stocks (1998)MEDIA LEGITIMATION EFFECTS IN THE MARKET FOR INITIAL PUBLIC OFFERINGS. (2003)Why Has IPO Underpricing Changed Over Time (2004)Theory of rational option pricing (2005)RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)Does the Stock Market Overreact? (1985)Event Studies in Economics and Finance (1997)Investor Psychology and Security Market Under‐ and Overreactions (1998)Investor Sentiment and the Cross‐Section of Stock Returns (2006)The Nature of the Firm (1937)Mergers and the Market for Corporate Control (1965)Dynamic capabilities and strategic management (1997)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Pricing of Options and Corporate Liabilities (1973)Corporate financing and investment decisions when firms have information that investors do not have (1984)Local Governments as Industrial Firms: An Organizational Analysis of China's Transitional Economy (1995)The Role of the Local State in China's Transitional Economy (1995)The Theory of the Firm as Governance Structure: From Choice to Contract (2002)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Upper Echelons: The Organization as a Reflection of Its Top Managers (1984)The Relational View: Cooperative Strategy and Sources of Interorganizational Competitive Advantage (1998)The Promise of Entrepreneurship as a Field of Research (2000)
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References

  • 1976Theory of the firm: Managerial behavior, agency costs and ownership structure71,441 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 2019American Economic Review10,902 cited
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  • 1988Management ownership and market valuation6,910 cited
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  • 1988The role of majority shareholders in publicly held corporations1,198 cited
  • 1988INITIAL PUBLIC OFFERINGS1,183 cited
  • 1994The Post-Issue Operating Performance of IPO Firms1,036 cited
  • 1989Equity ownership concentration and firm value859 cited
  • 1990Asymmetric Information, Corporate Finance, and Investment

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679 cited

Cited by

  • 2018The impact of stakeholders’ temporal orientaton on short- and long-term IPO outcomes: A meta-analysis21 cited
  • 2008Testing a model of signals in the IPO offer process19 cited
  • 2020Attention to Global Warming and the Success of Environmental Initial Coin Offerings: Empirical Evidence15 cited