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Institutional investors’ site visits and firms’ financial distress
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Institutional investors’ site visits and firms’ financial distress (2023)Institutional investors’ site visits and …Inside the 'Black Box' of Sell-Side Financial Analysts (2013)Inside the 'Black Box' of Sel…Gender and Corporate Finance: Are Male Executives Overconfident Relative to Female Executives? (2011)Gender and Corporate Finance:…The real effects of financial constraints: Evidence from a financial crisis (2010)The real effects of financial…Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research (2010)Correcting for Cross-Sectiona…Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches (2008)Estimating Standard Errors in…Monitoring: Which institutions matter? 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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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)On Persistence in Mutual Fund Performance (1997)Industry Structure, Market Rivalry, and Public Policy (1973)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Measuring and Explaining Management Practices Across Firms and Countries (2006)Competition and Innovation: An Inverted U Relationship (2008)Competition and innovation: an inverted U relationship (2017)Large Shareholders and Corporate Control (1986)Additional evidence on equity ownership and corporate value (1990)Corporate Governance and Equity Prices (2003)The Colors of Investors' Money: The Role of Institutional Investors Around the World (2007)Does governance travel around the world? 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References

  • 1968FINANCIAL RATIOS, DISCRIMINANT ANALYSIS AND THE PREDICTION OF CORPORATE BANKRUPTCY14,869 cited
  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2008Estimating Standard Errors in Finance Panel Data Sets: Comparing Approaches10,793 cited
  • 1980Financial Ratios and the Probabilistic Prediction of Bankruptcy6,005 cited
  • 2005R2 around the world: New theory and new tests☆2,833 cited
  • 1996Competition and Corporate Performance2,483 cited
  • 2010The real effects of financial constraints: Evidence from a financial crisis2,298 cited
  • 2003Corporate governance and voluntary disclosure1,966 cited
  • 2007Monitoring: Which institutions matter?1,870 cited
  • 2011Gender and Corporate Finance: Are Male Executives Overconfident Relative to Female Executives?1,660 cited
  • 2010Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research1,358 cited
  • 2013Inside the 'Black Box' of Sell-Side Financial Analysts1,218 cited
  • 2007Board size and the variability of corporate performance1,208 cited
  • 2005Consequences of Financial Reporting Failure for Outside Directors: Evidence from Accounting Restatements and Audit Committee Members1,045 cited
  • 1990Financial distress, reorganization, and organizational efficiency

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  • 2002Book‐to‐Market Equity, Distress Risk, and Stock Returns778 cited
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