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Gate Fees: The Pervasive Effect of IPO Restrictions on Chinese Equity Markets
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Gate Fees: The Pervasive Effect of IPO Restrictions on Chinese Equity Markets (2022)Gate Fees: The Pervasive Effect of IPO Re…A five-factor asset pricing model (2014)A five-factor asset pricing m…In Search of Distress Risk (2008)In Search of Distress RiskPolitically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆ (2007)Politically connected CEOs, c…Private Benefits of Control: An International Comparison (2004)Private Benefits of Control: …Limited attention, information disclosure, and financial reporting (2003)Limited attention, informatio…Investor Protection and Corporate Valuation (2002)Investor Protection and Corpo…The Regulation of Entry (2000)The Regulation of EntryLaw and Finance (1998)Law and FinanceLegal Determinants of External Finance (1997)Legal Determinants of Externa…Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? (1997)Do Investment-Cash Flow Sensi…Common risk factors in the returns on stocks and bonds (1993)Common risk factors in the re…Methodological Issues Related to the Estimation of Financial Distress Prediction Models (1984)Methodological Issues Related…Toward a More General Theory of Regulation (1976)Toward a More General Theory …Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…The Theory of Economic Regulation (1971)The Theory of Economic Regula…The Problem of Social Cost (1960)The Problem of Social CostShareholder bargaining power and labor income share: Evidence from a quasi-natural experiment in China (2023)Shareholder bargaining power …Delisting regulation and corporate financialization: Evidence from China (2023)Delisting regulation and corp…What Do We Know about Capital Structure? Some Evidence from International Data (1995)A Survey of Corporate Governance (1997)Corporate Ownership Around the World (1999)Investor protection and corporate governance (2000)CAPITAL ASSET PRICES: A THEORY OF MARKET EQUILIBRIUM UNDER CONDITIONS OF RISK* (1964)The Cross-Section of Expected Stock Returns (1992)Illiquidity and stock returns: cross-section and time-series effects (2002)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)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)Corporate financing and investment decisions when firms have information that investors do not have (1984)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)The Cost of Capital, Corporation Finance and the Theory of Investment (1958)The Colonial Origins of Comparative Development: An Empirical Investigation (2001)Editor's Choice Digesting Anomalies: An Investment ApproachOn Persistence in Mutual Fund Performance (1997)Do Shareholders Benefit from Green Bonds? (2018)Empirical Asset Pricing via Machine Learning (2020)A Theory of Competition Among Pressure Groups for Political Influence (1983)World Investment Report (2017)The Costs and Benefits of Ownership: A Theory of Vertical and Lateral Integration (1986)Disentangling the Incentive and Entrenchment Effects of Large Shareholdings (2002)The ultimate ownership of Western European corporations (2002)Law, finance, and economic growth in China (2005)The great reversals: the politics of financial development in the twentieth century (2003)Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens (2014)
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References

  • 1993Common risk factors in the returns on stocks and bonds26,615 cited
  • 1960The Problem of Social Cost18,243 cited
  • 1998Law and Finance17,902 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 1997Legal Determinants of External Finance9,776 cited
  • 1971The Theory of Economic Regulation8,084 cited
  • 2014A five-factor asset pricing model7,841 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1976Toward a More General Theory of Regulation4,771 cited
  • 2002Investor Protection and Corporate Valuation4,055 cited
  • 2000The Regulation of Entry3,918 cited
  • 1984Methodological Issues Related to the Estimation of Financial Distress Prediction Models2,889 cited
  • 2007Politically connected CEOs, corporate governance, and Post-IPO performance of China's newly partially privatized firms☆2,736 cited
  • 2004Private Benefits of Control: An International Comparison2,512 cited
  • 2003Limited attention, information disclosure, and financial reporting2,339 cited
  • 2008In Search of Distress Risk

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  • 2023Delisting regulation and corporate financialization: Evidence from China23 cited
  • 2023Shareholder bargaining power and labor income share: Evidence from a quasi-natural experiment in China19 cited