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Director networks and informed traders
16 references·16 citing·31 second hopsampled
Director networks and informed traders (2016)Director networks and informed tradersWhat Matters in Corporate Governance? (2008)What Matters in Corporate Gov…The Small World of Investing: Board Connections and Mutual Fund Returns (2008)The Small World of Investing:…Do Managers Withhold Bad News? (2008)Do Managers Withhold Bad News?Information Uncertainty and Stock Returns (2006)Information Uncertainty and S…Board Composition: Balancing Family Influence in S&P 500 Firms (2004)Board Composition: Balancing …Earnings management and investor protection: an international comparison (2003)Earnings management and inves…The market for borrowing stock (2002)The market for borrowing stockIlliquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Information Asymmetry, R&D, and Insider Gains (2000)Information Asymmetry, R&D, a…Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies (2000)Bad News Travels Slowly: Size…On Persistence in Mutual Fund Performance (1997)On Persistence in Mutual Fund…Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)Returns to Buying Winners and…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Evidence that stock prices do not fully reflect the implications of current earnings for future earnings (1990)Evidence that stock prices do…Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium? (1989)Post-Earnings-Announcement Dr…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Information uncertainty and organizational design (2022)Information uncertainty and o…Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China (2022)Impact of Directors’ Network …Insider trading and the legal expertise of corporate executives (2021)Insider trading and the legal…Does a Board Characteristic Moderate the Relationship between CSR Practices and Financial Performance? Evidence from European ESG Firms (2021)Does a Board Characteristic M…Do Director Networks Help Managers Forecast Better? (2021)Do Director Networks Help Man…Board characteristics and integrated reporting quality: evidence from ESG European companies (2021)Board characteristics and int…The Importance of Director External Social Networks to Stock Price Crash Risk* (2020)The Importance of Director Ex…It’s who you know that counts: Board connectedness and CSR performance (2020)It’s who you know that counts…Partisan Bias in Fund Portfolios (2019)Partisan Bias in Fund Portfol…Insider trading and networked directors (2019)Insider trading and networked…The Relation between Strategy, CEO Selection, and Firm Performance (2018)The Relation between Strategy…Institutional Trading and Abel Noser Data (2018)Institutional Trading and Abe…Executive Network Centrality and Stock Liquidity (2018)Executive Network Centrality …Director Appointments it is Who You Know (2017)Director Appointments it is W…Differences make a difference: Diversity in social learning and value creation (2017)Differences make a difference…Auditors’ Joint Engagements and Audit Quality: Evidence from Italian Private Companies (2017)Auditors’ Joint Engagements a…CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)A five-factor asset pricing model (2014)Outside directors and CEO turnover (1988)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)The economic implications of corporate financial reporting (2005)Opaque financial reports, R2, and crash risk☆ (2009)The financial reporting environment: Review of the recent literature (2010)Corporate tax avoidance and stock price crash risk: Firm-level analysis (2011)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)Does the Stock Market Overreact? (1985)Multifactor Explanations of Asset Pricing Anomalies (1996)Investor Psychology and Security Market Under‐ and Overreactions (1998)A Survey of Corporate Governance (1997)Law and Finance (1998)Corporate Ownership Around the World (1999)International Accounting Standards and Accounting Quality (2008)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Investor Psychology and Asset Pricing (2001)More Than Words: Quantifying Language to Measure Firms' Fundamentals (2008)Does the stock market fully value intangibles? Employee satisfaction and equity prices (2011)A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (1999)The Cross‐Section of Volatility and Expected Returns (2006)All That Glitters: The Effect of Attention and News on the Buying Behavior of Individual and Institutional Investors (2007)Editor's Choice Digesting Anomalies: An Investment ApproachLiquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)Does Corporate Social Responsibility Affect the Cost of Capital? (2010)Does governance travel around the world? Evidence from institutional investors (2010)Social Capital, Trust, and Firm Performance: The Value of Corporate Social Responsibility during the Financial Crisis (2017)
this work references cited by second hop· second hop is a sample of the most-cited connections

References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1997On Persistence in Mutual Fund Performance17,267 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1993Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency11,575 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 2003Earnings management and investor protection: an international comparison5,395 cited
  • 2008What Matters in Corporate Governance?2,903 cited
  • 2000Bad News Travels Slowly: Size, Analyst Coverage, and the Profitability of Momentum Strategies2,639 cited
  • 1989Post-Earnings-Announcement Drift: Delayed Price Response or Risk Premium?2,314 cited
  • 2008Do Managers Withhold Bad News?2,191 cited
  • 1990Evidence that stock prices do not fully reflect the implications of current earnings for future earnings2,010 cited
  • 2006Information Uncertainty and Stock Returns1,810 cited
  • 2000Information Asymmetry, R&D, and Insider Gains1,528 cited
  • 2008The Small World of Investing: Board Connections and Mutual Fund Returns1,297 cited
  • 2002The market for borrowing stock1,161 cited

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  • 2004Board Composition: Balancing Family Influence in S&P 500 Firms1,154 cited
  • Cited by

    • 2020It’s who you know that counts: Board connectedness and CSR performance137 cited
    • 2021Does a Board Characteristic Moderate the Relationship between CSR Practices and Financial Performance? Evidence from European ESG Firms129 cited
    • 2021Board characteristics and integrated reporting quality: evidence from ESG European companies125 cited
    • 2018Institutional Trading and Abel Noser Data110 cited
    • 2022Impact of Directors’ Network on Corporate Social Responsibility Disclosure: Evidence from China96 cited
    • 2020The Importance of Director External Social Networks to Stock Price Crash Risk*92 cited
    • 2017Director Appointments it is Who You Know89 cited
    • 2017Auditors’ Joint Engagements and Audit Quality: Evidence from Italian Private Companies87 cited
    • 2019Insider trading and networked directors83 cited
    • 2019Partisan Bias in Fund Portfolios77 cited
    • 2018The Relation between Strategy, CEO Selection, and Firm Performance64 cited
    • 2021Do Director Networks Help Managers Forecast Better?59 cited
    • 2017Differences make a difference: Diversity in social learning and value creation54 cited
    • 2018Executive Network Centrality and Stock Liquidity48 cited
    • 2022Information uncertainty and organizational design45 cited
    • 2021Insider trading and the legal expertise of corporate executives44 cited