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Internal capital market efficiency and the diversification discount: The role of financial statement comparability
16 references·9 citing·34 second hop
Internal capital market efficiency and the diversification discount: The role of financial statement comparability (2017)Internal capital market efficiency and th…Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences (2008)Mandatory IFRS Reporting arou…Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Information asymmetry, corpor…Financial accounting information and corporate governance (2001)Financial accounting informat…The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…Corporate Disclosure Policy and Analyst Behavior. (1996)Corporate Disclosure Policy a…Agency costs of free cash flow, corporate finance, and takeovers (1996)Agency costs of free cash flo…Diversification's effect on firm value (1995)Diversification's effect on f…Tobin's q, Corporate Diversification, and Firm Performance (1994)Tobin's q, Corporate Diversif…Performance Pay and Top-Management Incentives (1990)Performance Pay and Top-Manag…Managerial discretion and optimal financing policies (1990)Managerial discretion and opt…Do Managerial Objectives Drive Bad Acquisitions? (1990)Do Managerial Objectives Driv…Management entrenchment (1989)Management entrenchmentAgency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Agency Costs of Free Cash Flo…Corporate performance and managerial remuneration (1985)Corporate performance and man…Risk Reduction as a Managerial Motive for Conglomerate Mergers (1981)Risk Reduction as a Manageria…Specification Tests in Econometrics (1978)Specification Tests in Econom…Peeking into Corporate Greenwashing through the Readability of ESG Disclosures (2024)Peeking into Corporate Greenw…Financial statement comparability and global supply chain relations (2024)Financial statement comparabi…Accounting comparability and customer concentration (2024)Accounting comparability and …Foreign Experienced CEOs’ and Financial Statement Comparability (2022)Foreign Experienced CEOs’ and…Firm life cycle and financial statement comparability (2022)Firm life cycle and financial…Financial statement comparability and stock liquidity: evidence from China (2022)Financial statement comparabi…Financial reporting uniformity: Its relation to comparability and its impact on financial statement users (2022)Financial reporting uniformit…The impact of corporate reporting readability on informational efficiency (2019)The impact of corporate repor…Accounting Comparability and Underpricing Seasoned Equity Offerings (2013)Accounting Comparability and …The Pricing of Options and Corporate Liabilities (1973)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Agency Problems and the Theory of the Firm (1980)Agency Theory: An Assessment and Review (1989)Managerial incentives and risk-taking☆ (2005)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)An Empirical Evaluation of Accounting Income Numbers (1968)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)The effect of international institutional factors on properties of accounting earnings (2000)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Determinants of corporate borrowing (1977)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)Cross-Sectional Determinants of Analyst Ratings of Corporate Disclosures (1993)Why Firms Voluntarily Disclose Bad News (1994)The economic implications of corporate financial reporting (2005)Voluntary Nonfinancial Disclosure and the Cost of Equity Capital: The Initiation of Corporate Social Responsibility Reporting (2010)On the Pooling of Time Series and Cross Section Data (1978)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Econometric Analysis of Cross Section and Panel Data (2001)Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Corporate financing and investment decisions when firms have information that investors do not have (1984)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)GROWTH, BETA AND AGENCY COSTS AS DETERMINANTS OF DIVIDEND PAYOUT RATIOS (1982)Two Agency-Cost Explanations of Dividends (1984)What Do We Know about Capital Structure? Some Evidence from International Data (1995)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Revisiting the relation between environmental performance and environmental disclosure: An empirical analysis (2007)Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)
this work references cited by second hop

References

  • 1978Specification Tests in Econometrics18,788 cited
  • 1986Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers17,216 cited
  • 1996Agency costs of free cash flow, corporate finance, and takeovers9,308 cited
  • 2001Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature7,391 cited
  • 1990Performance Pay and Top-Management Incentives5,080 cited
  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1990Managerial discretion and optimal financing policies3,679 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1981Risk Reduction as a Managerial Motive for Conglomerate Mergers2,775 cited
  • 1996Corporate Disclosure Policy and Analyst Behavior.2,743 cited
  • 1994Tobin's q, Corporate Diversification, and Firm Performance2,437 cited
  • 2001Financial accounting information and corporate governance2,296 cited
  • 2008Mandatory IFRS Reporting around the World: Early Evidence on the Economic Consequences2,174 cited
  • 1989Management entrenchment2,155 cited
  • 1990Do Managerial Objectives Drive Bad Acquisitions?1,912 cited

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  • 1985Corporate performance and managerial remuneration1,756 cited
  • Cited by

    • 2024Peeking into Corporate Greenwashing through the Readability of ESG Disclosures37 cited
    • 2019The impact of corporate reporting readability on informational efficiency36 cited
    • 2022Financial statement comparability and stock liquidity: evidence from China35 cited
    • 2013Accounting Comparability and Underpricing Seasoned Equity Offerings35 cited
    • 2022Firm life cycle and financial statement comparability30 cited
    • 2024Financial statement comparability and global supply chain relations23 cited
    • 2022Financial reporting uniformity: Its relation to comparability and its impact on financial statement users21 cited
    • 2024Accounting comparability and customer concentration15 cited
    • 2022Foreign Experienced CEOs’ and Financial Statement Comparability14 cited