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Home away from Home: Geography of Information and Local Investors
16 references·16 citing·35 second hopsampled
Home away from Home: Geography of Information and Local Investors (2015)Home away from Home: Geography of Informa…The Causal Impact of Media in Financial Markets (2011)The Causal Impact of Media in…Who Blows the Whistle on Corporate Fraud? (2010)Who Blows the Whistle on Corp…Information Immobility and the Home Bias Puzzle (2009)Information Immobility and th…The Small World of Investing: Board Connections and Mutual Fund Returns (2008)The Small World of Investing:…The Corporate Governance Role of the Media: Evidence from Russia (2008)The Corporate Governance Role…The Press as a Watchdog for Accounting Fraud (2006)The Press as a Watchdog for A…Information Uncertainty and Stock Returns (2006)Information Uncertainty and S…Does Corporate Headquarters Location Matter for Stock Returns? (2006)Does Corporate Headquarters L…Thy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers (2005)Thy Neighbor's Portfolio: Wor…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…The Geography of Investment: Informed Trading and Asset Prices (2001)The Geography of Investment: …Home Bias at Home: Local Equity Preference in Domestic Portfolios (1999)Home Bias at Home: Local Equi…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks (1997)Measuring Mutual Fund Perform…The Cross-Section of Expected Stock Returns (1992)The Cross-Section of Expected…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Measuring weather exposure with annual reports (2022)Measuring weather exposure wi…The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic (2021)The Role of Corporate Culture…The Real Effects of Mandatory Nonfinancial Disclosure: Evidence from Supply Chain Transparency (2021)The Real Effects of Mandatory…The Firm Next Door: Using Satellite Images to Study Local Information Advantage (2021)The Firm Next Door: Using Sat…The demand for public information by local and nonlocal investors: Evidence from investor-level data (2021)The demand for public informa…Social Proximity to Capital: Implications for Investors and Firms (2021)Social Proximity to Capital: …Does Distance Matter? An Investigation of Partners Who Audit Distant Clients and the Effects on Audit Quality† (2021)Does Distance Matter? An Inve…The Use and Characteristics of Foreign Component Auditors in U.S. Multinational Audits: Insights from Form AP Disclosures* (2020)The Use and Characteristics o…The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic (2020)The Role of Corporate Culture…Need for speed: High-speed rail and firm performance (2020)Need for speed: High-speed ra…A First Look at the Impact of COVID-19 on Commercial Real Estate Prices: Asset-Level Evidence (2020)A First Look at the Impact of…The Globalization Risk Premium (2019)The Globalization Risk PremiumGeographic Lead-Lag Effects (2019)Geographic Lead-Lag EffectsEast, West, Home's Best: Do Local CEOs Behave Less Myopically? (2019)East, West, Home's Best: Do L…Local bias in investor attention: Evidence from China's Internet stock message boards (2016)Local bias in investor attent…International Comparative Household Finance (2015)International Comparative Hou…Common risk factors in the returns on stocks and bonds (1993)How Distance, Language, and Culture Influence Stockholdings and Trades (2001)The determinants of cross-border equity flows (2004)Does function follow organizational form? Evidence from the lending practices of large and small banks (2005)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Behavior of Stock-Market Prices (1965)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)Increasing Returns and Economic Geography (1990)Investor Psychology and Asset Pricing (2001)Does Distance Still Matter? The Information Revolution in Small Business Lending (2002)Information and the Cost of Capital (2004)The Valuation of Risk Assets and the Selection of Risky Investments in Stock Portfolios and Capital Budgets (1965)Agency Problems and the Theory of the Firm (1980)Separation of Ownership and Control (1983)Management ownership and market valuation (1988)Political connections and SEC enforcement (2014)How Media Coverage of Corporate Social Irresponsibility Increases Financial Risk (2017)OECD Employment Outlook 2019 (2019)The arbitrage theory of capital asset pricing (1976)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Retail Investor Sentiment and Return Comovements (2006)High idiosyncratic volatility and low returns: International and further U.S. evidence (2008)Individualism and Momentum around the World (2010)An Economic Theory of Democracy. (1958)Law and Finance (1998)The Market for News (2005)Mandatory CSR and sustainability reporting: economic analysis and literature review (2021)Multifactor Explanations of Asset Pricing Anomalies (1996)A five-factor asset pricing model (2014)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Editor's Choice Digesting Anomalies: An Investment ApproachLiquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1992The Cross-Section of Expected Stock Returns17,251 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 1999Home Bias at Home: Local Equity Preference in Domestic Portfolios2,898 cited
  • 1997Measuring Mutual Fund Performance with Characteristic‐Based Benchmarks2,844 cited
  • 2001The Geography of Investment: Informed Trading and Asset Prices2,004 cited
  • 2010Who Blows the Whistle on Corporate Fraud?1,877 cited
  • 2006Information Uncertainty and Stock Returns1,810 cited
  • 2008The Corporate Governance Role of the Media: Evidence from Russia1,370 cited
  • 2008The Small World of Investing: Board Connections and Mutual Fund Returns1,297 cited
  • 2011The Causal Impact of Media in Financial Markets1,125 cited
  • 2006The Press as a Watchdog for Accounting Fraud1,049 cited
  • 2005Thy Neighbor's Portfolio: Word‐of‐Mouth Effects in the Holdings and Trades of Money Managers934 cited
  • 2009Information Immobility and the Home Bias Puzzle876 cited

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Does Corporate Headquarters Location Matter for Stock Returns?
830 cited

Cited by

  • 2021The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic258 cited
  • 2020A First Look at the Impact of COVID-19 on Commercial Real Estate Prices: Asset-Level Evidence214 cited
  • 2019Geographic Lead-Lag Effects179 cited
  • 2019East, West, Home's Best: Do Local CEOs Behave Less Myopically?178 cited
  • 2016Local bias in investor attention: Evidence from China's Internet stock message boards168 cited
  • 2021Social Proximity to Capital: Implications for Investors and Firms147 cited
  • 2021The Real Effects of Mandatory Nonfinancial Disclosure: Evidence from Supply Chain Transparency143 cited
  • 2020Need for speed: High-speed rail and firm performance114 cited
  • 2022Measuring weather exposure with annual reports106 cited
  • 2020The Role of Corporate Culture in Bad Times: Evidence from the COVID-19 Pandemic106 cited
  • 2021The Firm Next Door: Using Satellite Images to Study Local Information Advantage104 cited
  • 2015International Comparative Household Finance81 cited
  • 2020The Use and Characteristics of Foreign Component Auditors in U.S. Multinational Audits: Insights from Form AP Disclosures*75 cited
  • 2021Does Distance Matter? An Investigation of Partners Who Audit Distant Clients and the Effects on Audit Quality†75 cited
  • 2019The Globalization Risk Premium74 cited
  • 2021The demand for public information by local and nonlocal investors: Evidence from investor-level data70 cited