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Institutional Brokerage Networks: Facilitating Liquidity Provision
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Institutional Brokerage Networks: Facilitating Liquidity Provision (2024)Institutional Brokerage Networks: Facilit…The Interim Trading Skills of Institutional Investors (2011)The Interim Trading Skills of…Competition and Bias (2010)Competition and BiasUnobserved Actions of Mutual Funds (2006)Unobserved Actions of Mutual …Predatory Trading (2005)Predatory TradingAsset Fire Sales (and Purchases) in Equity Markets (2005)Asset Fire Sales (and Purchas…Trading and Exchanges: Market Microstructure for Practitioners (2002)Trading and Exchanges: Market…Illiquidity and stock returns: cross-section and time-series effects (2002)Illiquidity and stock returns…Corporate Bond Trading Costs: A Peek Behind the Curtain (2001)Corporate Bond Trading Costs:…Investor flows and the assessed performance of open-end mutual funds (1999)Investor flows and the assess…Measuring Mutual Fund Performance with Characteristic-Based Benchmarks (1997)Measuring Mutual Fund Perform…In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets (1997)In Search of Liquidity: Block…Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings (1989)Mutual Fund Performance: An A…Power and Centrality: A Family of Measures (1987)Power and Centrality: A Famil…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…Risk, Return, and Equilibrium: Empirical Tests (1973)Risk, Return, and Equilibrium…Factoring and weighting approaches to status scores and clique identification (1972)Factoring and weighting appro…A New Status Index Derived from Sociometric Analysis (1953)Direct Factor Analysis in Sociometry (1961)A Relational View of Information Seeking and Learning in Social Networks (2003)Dynamic spread of happiness in a large social network: longitudinal analysis over 20 years in the Framingham Heart Study (2008)Efficient Capital Markets: A Review of Theory and Empirical Work (1970)EFFICIENT CAPITAL MARKETS: A REVIEW OF THEORY AND EMPIRICAL WORK* (1970)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Continuous Auctions and Insider Trading (1985)Investor Psychology and Security Market Under‐ and Overreactions (1998)THE PERFORMANCE OF MUTUAL FUNDS IN THE PERIOD 1945–1964 (1968)Risk, The Pricing of Capital Assets, and The Evaluation of Investment Portfolios (1969)Mutual Fund Performance Evaluation: A Comparison of Benchmarks and Benchmark Comparisons (1987)Efficient Capital Markets: II (1991)Returns to Buying Winners and Selling Losers: Implications for Stock Market Efficiency (1993)On Persistence in Mutual Fund Performance (1997)Mutual Fund Performance: An Empirical Decomposition into Stock‐Picking Talent, Style, Transactions Costs, and Expenses (2000)Can Mutual Fund “Stars” Really Pick Stocks? New Evidence from a Bootstrap Analysis (2006)Some effects of certain communication patterns on group performance. (1951)Where Do Interorganizational Networks Come From? (1999)THE COMPETITIVE ADVANTAGE OF INTERCONNECTED FIRMS: AN EXTENSION OF THE RESOURCE-BASED VIEW. (2002)The Network Origins of Aggregate Fluctuations (2012)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)The Cross-Section of Expected Stock Returns (1992)Common risk factors in the returns on stocks and bonds (1993)Capital markets research in accounting (2001)The Cross‐Section of Volatility and Expected Returns (2006)In Search of Attention (2011)Does Fund Size Erode Mutual Fund Performance? The Role of Liquidity and Organization (2004)How Active Is Your Fund Manager? A New Measure That Predicts Performance (2009)Betting against beta (2013)Editor's Choice Digesting Anomalies: An Investment ApproachLiquidity Risk and Expected Stock Returns (2003)Asset pricing with liquidity risk (2005)Dumb money: Mutual fund flows and the cross-section of stock returns (2008)Presidential Address: Asset Price Dynamics with Slow‐Moving Capital (2010)Fire Sales in Finance and Macroeconomics (2011)
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References

  • 1973Risk, Return, and Equilibrium: Empirical Tests14,248 cited
  • 2002Illiquidity and stock returns: cross-section and time-series effects10,008 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1987Power and Centrality: A Family of Measures5,196 cited
  • 1972Factoring and weighting approaches to status scores and clique identification3,212 cited
  • 1997Measuring Mutual Fund Performance with Characteristic-Based Benchmarks2,844 cited
  • 2005Asset Fire Sales (and Purchases) in Equity Markets1,704 cited
  • 1989Mutual Fund Performance: An Analysis of Quarterly Portfolio Holdings1,349 cited
  • 2006Unobserved Actions of Mutual Funds830 cited
  • 1999Investor flows and the assessed performance of open-end mutual funds731 cited
  • 2005Predatory Trading588 cited
  • 2002Trading and Exchanges: Market Microstructure for Practitioners522 cited
  • 2010Competition and Bias521 cited
  • 2011The Interim Trading Skills of Institutional Investors446 cited
  • 2001Corporate Bond Trading Costs: A Peek Behind the Curtain343 cited
  • 1997

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In Search of Liquidity: Block Trades in the Upstairs and Downstairs Markets
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