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Informed Trading in Corporate Bonds Prior to Earnings Announcements
16 references·12 citing·39 second hop
Informed Trading in Corporate Bonds Prior to Earnings Announcements (2015)Informed Trading in Corporate Bonds Prior…How Wise Are Crowds? Insights from Retail Orders and Stock Returns (2013)How Wise Are Crowds? Insights…Measuring Abnormal Bond Performance (2008)Measuring Abnormal Bond Perfo…Just How Much Do Individual Investors Lose by Trading? (2008)Just How Much Do Individual I…Corporate Yield Spreads and Bond Liquidity (2007)Corporate Yield Spreads and B…Corporate Bond Market Transaction Costs and Transparency (2007)Corporate Bond Market Transac…Transparency and Liquidity: A Controlled Experiment on Corporate Bonds (2006)Transparency and Liquidity: A…Market transparency, liquidity externalities, and institutional trading costs in corporate bonds☆ (2006)Market transparency, liquidit…Short‐Selling Prior to Earnings Announcements (2004)Short‐Selling Prior to Earnin…Equity Volatility and Corporate Bond Yields (2003)Equity Volatility and Corpora…The Determinants of Credit Spread Changes (2001)The Determinants of Credit Sp…Explaining the Rate Spread on Corporate Bonds (2001)Explaining the Rate Spread on…Capital markets research in accounting (2001)Capital markets research in a…Earnings news and small traders (1992)Earnings news and small trade…Inferring Trade Direction from Intraday Data (1991)Inferring Trade Direction fro…Information, trade and common knowledge (1982)Information, trade and common…ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)ON THE PRICING OF CORPORATE D…Liquidity, informational efficiency and firm default risk: a systematic literature review (2023)Liquidity, informational effi…Bond Market Transparency and Stock Price Crash Risk: Evidence from a Natural Experiment (2022)Bond Market Transparency and …The Effect of Market Transparency on Corporate Disclosure: Evidence from the Observability of Bond Prices and Trading (2021)The Effect of Market Transpar…Secondary Market Transparency and Corporate Bond Issuing Costs (2021)Secondary Market Transparency…Nonlinear nexus between cryptocurrency returns and COVID-19 news sentiment (2021)Nonlinear nexus between crypt…Intraday analysis of macroeconomic news surprises, and asymmetries in Indian benchmark bond (2021)Intraday analysis of macroeco…Informed Trading and Momentum in the Corporate Bond Market (2021)Informed Trading and Momentum…The Effect of Bond Market Transparency on Bank Loan Contracting (2020)The Effect of Bond Market Tra…The Endogeneity of Trading Volume in Stock and Bond Returns: An Instrumental Variable Approach (2019)The Endogeneity of Trading Vo…Short Selling and Price Discovery in Corporate Bonds (2018)Short Selling and Price Disco…Information asymmetry and the wealth appropriation effect in the bond market: Evidence from late disclosures (2018)Information asymmetry and the…Behavioral biases in the corporate bond market (2017)Behavioral biases in the corp…Agreeing to Disagree (1976)The Private and Social Value of Information and the Reward to Inventive Activity (1978)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Herd Behavior and Investment (1988)Noise Trader Risk in Financial Markets (1990)Market microstructure theory (1995)Market Microstructure Theory. (1996)Market microstructure: A survey (2000)The Illiquidity of Corporate Bonds (2011)How Much of the Corporate-Treasury Yield Spread Is Due to Credit Risk? (2012)Intermediary asset pricing: New evidence from many asset classes (2017)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Pricing of Options and Corporate Liabilities (1973)Option pricing when underlying stock returns are discontinuous (1976)The valuation of options for alternative stochastic processes (1976)An equilibrium characterization of the term structure (1977)A Theory of the Term Structure of Interest Rates (1985)Common risk factors in the returns on stocks and bonds (1993)Limited-dependent and qualitative variables in econometrics (1983)Do Shareholders Benefit from Green Bonds? (2018)Risk, Return, and Equilibrium: Empirical Tests (1973)Idiosyncratic Risk Matters! (2003)Legal Determinants of External Finance (1997)On Persistence in Mutual Fund Performance (1997)Do Retail Trades Move Markets? (2008)The Behavior of Individual Investors (2013)Attention‐Induced Trading and Returns: Evidence from Robinhood Users (2022)Judgment under Uncertainty: Heuristics and Biases (1974)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Econometrics of Event Studies**We thank Espen Eckbo, Jon Lewellen, Adam Kolasinski, and Jay Ritter for insightful comments, and Irfan Safdar and Alan Wancier for research assistance. (2007)Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Investor Inattention and Friday Earnings Announcements (2009)Commonality in liquidity (2000)Is Information Risk a Determinant of Asset Returns? (2002)Does Algorithmic Trading Improve Liquidity? (2011)Prospect Theory and Asset Prices (2001)Corporate Yield Spreads: Default Risk or Liquidity? New Evidence from the Credit Default Swap Market (2004)Credit Spreads and Business Cycle Fluctuations (2012)
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References

  • 1974ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES*10,779 cited
  • 1991Inferring Trade Direction from Intraday Data3,150 cited
  • 2001Capital markets research in accounting2,575 cited
  • 2001The Determinants of Credit Spread Changes2,253 cited
  • 1982Information, trade and common knowledge1,738 cited
  • 2001Explaining the Rate Spread on Corporate Bonds1,580 cited
  • 2003Equity Volatility and Corporate Bond Yields1,194 cited
  • 2007Corporate Yield Spreads and Bond Liquidity1,087 cited
  • 2007Corporate Bond Market Transaction Costs and Transparency966 cited
  • 2008Just How Much Do Individual Investors Lose by Trading?952 cited
  • 2008Measuring Abnormal Bond Performance655 cited
  • 2006Market transparency, liquidity externalities, and institutional trading costs in corporate bonds☆571 cited
  • 2004Short‐Selling Prior to Earnings Announcements567 cited
  • 2013How Wise Are Crowds? Insights from Retail Orders and Stock Returns513 cited
  • 1992Earnings news and small traders480 cited
  • 2006Transparency and Liquidity: A Controlled Experiment on Corporate Bonds

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472 cited

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  • 2018Short Selling and Price Discovery in Corporate Bonds57 cited
  • 2021Secondary Market Transparency and Corporate Bond Issuing Costs40 cited
  • 2022Bond Market Transparency and Stock Price Crash Risk: Evidence from a Natural Experiment39 cited
  • 2021Intraday analysis of macroeconomic news surprises, and asymmetries in Indian benchmark bond37 cited
  • 2020The Effect of Bond Market Transparency on Bank Loan Contracting23 cited
  • 2021Informed Trading and Momentum in the Corporate Bond Market23 cited
  • 2017Behavioral biases in the corporate bond market22 cited
  • 2019The Endogeneity of Trading Volume in Stock and Bond Returns: An Instrumental Variable Approach20 cited
  • 2023Liquidity, informational efficiency and firm default risk: a systematic literature review18 cited
  • 2018Information asymmetry and the wealth appropriation effect in the bond market: Evidence from late disclosures18 cited
  • 2021The Effect of Market Transparency on Corporate Disclosure: Evidence from the Observability of Bond Prices and Trading18 cited