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The valuation effects of investor attention in stock-financed acquisitions
16 references·8 citing·42 second hopsampled
The valuation effects of investor attention in stock-financed acquisitions (2017)The valuation effects of investor attenti…Investor Inattention and Friday Earnings Announcements (2009)Investor Inattention and Frid…Driven to Distraction: Extraneous Events and Underreaction to Earnings News (2009)Driven to Distraction: Extran…All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)All That Glitters: The Effect…Price Informativeness and Investment Sensitivity to Stock Price (2006)Price Informativeness and Inv…Valuation waves and merger activity: The empirical evidence (2005)Valuation waves and merger ac…Agency Costs of Overvalued Equity (2005)Agency Costs of Overvalued Eq…Market Valuation and Merger Waves (2004)Market Valuation and Merger W…Stock market driven acquisitions (2003)Stock market driven acquisiti…What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions (2002)What Do Returns to Acquiring …The High‐Volume Return Premium (2001)The High‐Volume Return PremiumDo Long‐Term Shareholders Benefit From Corporate Acquisitions? (1997)Do Long‐Term Shareholders Ben…Do Long-Term Shareholders Benefit From Corporate Acquisitions? (1997)Do Long-Term Shareholders Ben…Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns (1987)Corporate Takeover Bids, Meth…A Simple Model of Capital Market Equilibrium with Incomplete Information (1987)A Simple Model of Capital Mar…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION (1977)RISK, UNCERTAINTY, AND DIVERG…Minority shareholders protection and executive compensation contract effectiveness: Evidence from the establishment of the China Securities Investor Service Center (2025)Minority shareholders protect…The market value effect of digital mergers and acquisitions: Evidence from China (2022)The market value effect of di…Mixed ownership reforms and the transparency of nonstate‐owned enterprises: Evidence from China (2022)Mixed ownership reforms and t…Does board committee independence affect financial distress likelihood? A comparison of China with the UK (2021)Does board committee independ…An Introduction to Mergers, Acquisitions, and Other Restructuring Activities (2019)An Introduction to Mergers, A…A novel UMIDAS-SVQR model with mixed frequency investor sentiment for predicting stock market volatility (2019)A novel UMIDAS-SVQR model wit…Liquidity and information asymmetry considerations in corporate takeovers (2018)Liquidity and information asy…Enforcement quality and the use of earnouts in M&A transactions: International evidence (2018)Enforcement quality and the u…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)Risk, Return, and Equilibrium: Empirical Tests (1973)The Framing of Decisions and the Psychology of Choice (1981)The Limits of Arbitrage (1995)Illiquidity and stock returns: cross-section and time-series effects (2002)The Cross‐Section of Volatility and Expected Returns (2006)The market for corporate control (1983)Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)New Evidence and Perspectives on Mergers (2001)Firm size and the gains from acquisitions (2004)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Noise Trader Risk in Financial Markets (1990)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Investor Psychology and Security Market Under‐ and Overreactions (1998)Innovative efficiency and stock returns (2012)Sentiment During Recessions (2012)The Pricing of Options and Corporate Liabilities (1973)Trading Is Hazardous to Your Wealth: The Common Stock Investment Performance of Individual Investors (2000)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Do outside directors monitor managers? (1992)Meta‐analyses of post‐acquisition performance: indications of unidentified moderators (2003)Wealth Destruction on a Massive Scale? A Study of Acquiring‐Firm Returns in the Recent Merger Wave (2005)The Principles of Psychology (1891)Investor Sentiment Aligned: A Powerful Predictor of Stock Returns (2014)Financing Constraints and Corporate Investment (1988)The Cross-Section of Expected Stock Returns (1992)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)The Information Role of Conservatism (2008)Intangible capital and the investment-q relation (2016)The impact of environmental, social, and governance disclosure on firm value: The role of CEO power (2017)Prospect theory: An analysis of decision under risk (1988)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Media Coverage and the Cross‐section of Stock Returns (2009)Who Gambles in the Stock Market? (2009)In Search of Attention (2011)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)A Survey of Corporate Governance (1997)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1987A Simple Model of Capital Market Equilibrium with Incomplete Information5,808 cited
  • 2007All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors4,550 cited
  • 1977RISK, UNCERTAINTY, AND DIVERGENCE OF OPINION3,714 cited
  • 2003Stock market driven acquisitions2,093 cited
  • 2002What Do Returns to Acquiring Firms Tell Us? Evidence from Firms That Make Many Acquisitions1,743 cited
  • 2009Investor Inattention and Friday Earnings Announcements1,740 cited
  • 2009Driven to Distraction: Extraneous Events and Underreaction to Earnings News1,539 cited
  • 2006Price Informativeness and Investment Sensitivity to Stock Price1,492 cited
  • 1987Corporate Takeover Bids, Methods of Payment, and Bidding Firms' Stock Returns1,408 cited
  • 2005Valuation waves and merger activity: The empirical evidence1,287 cited
  • 2005Agency Costs of Overvalued Equity1,003 cited
  • 2004Market Valuation and Merger Waves987 cited
  • 1997Do Long‐Term Shareholders Benefit From Corporate Acquisitions?966 cited
  • 1997Do Long-Term Shareholders Benefit From Corporate Acquisitions?

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875 cited
  • 2001The High‐Volume Return Premium860 cited
  • Cited by

    • 2022The market value effect of digital mergers and acquisitions: Evidence from China37 cited
    • 2018Enforcement quality and the use of earnouts in M&A transactions: International evidence35 cited
    • 2022Mixed ownership reforms and the transparency of nonstate‐owned enterprises: Evidence from China33 cited
    • 2021Does board committee independence affect financial distress likelihood? A comparison of China with the UK32 cited
    • 2019A novel UMIDAS-SVQR model with mixed frequency investor sentiment for predicting stock market volatility31 cited
    • 2025Minority shareholders protection and executive compensation contract effectiveness: Evidence from the establishment of the China Securities Investor Service Center28 cited
    • 2019An Introduction to Mergers, Acquisitions, and Other Restructuring Activities28 cited
    • 2018Liquidity and information asymmetry considerations in corporate takeovers22 cited