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Corporate Diversification, Asymmetric Information, and Firm Value: Evidence from Stock Market Trading Characteristics
16 references·0 citing·35 second hop
Corporate Diversification, Asymmetric Information, and Firm Value: Evidence from Stock Market Trading Characteristics (2000)Corporate Diversification, Asymmetric Inf…Are Internal capital Markets Efficient? (1998)Are Internal capital Markets …The Components of the Bid-Ask Spread: A General Approach (1997)The Components of the Bid-Ask…Internal Capital Markets and the Competition for Corporate Resources (1997)Internal Capital Markets and …Cash Flow and Investment: Evidence from Internal Capital Markets (1997)Cash Flow and Investment: Evi…Agency Problems, Equity Ownership, and Corporate Diversification (1997)Agency Problems, Equity Owner…Market microstructure and asset pricing: On the compensation for illiquidity in stock returns (1996)Market microstructure and ass…Market microstructure theory (1995)Market microstructure theoryDiversification's effect on firm value (1995)Diversification's effect on f…Corporate focus and stock returns (1995)Corporate focus and stock ret…Measuring the Information Content of Stock Trades (1991)Measuring the Information Con…Inferring Trade Direction from Intraday Data (1991)Inferring Trade Direction fro…Continuous Auctions and Insider Trading (1985)Continuous Auctions and Insid…Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Bid, ask and transaction pric…Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have (1984)Corporate Financing and Inves…Corporate financing and investment decisions when firms have information that investors do not have (1984)Corporate financing and inves…Markets and Hierarchies: Analysis and Antitrust Implications. (1976)Markets and Hierarchies: Anal…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)Investor Psychology and Security Market Under‐ and Overreactions (1998)Illiquidity and stock returns: cross-section and time-series effects (2002)Market Liquidity and Funding Liquidity (2008)The Modern Industrial Revolution, Exit, and the Failure of Internal Control Systems (1993)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)Liquidity and leverage (2008)Who makes acquisitions? CEO overconfidence and the market's reaction☆ (2008)Determinants of corporate borrowing (1977)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)Higher market valuation of companies with a small board of directors (1996)Investor Protection and Corporate Valuation (2002)Digital Business Strategy: Toward a Next Generation of Insights (2013)The theory and practice of econometrics (1986)One Security, Many Markets: Determining the Contributions to Price Discovery (1995)Autoregressive Conditional Duration: A New Model for Irregularly Spaced Transaction Data (1998)Risk, Return, and Equilibrium: Empirical Tests (1973)Common risk factors in the returns on stocks and bonds (1993)Liquidity, Information, and Infrequently Traded Stocks (1996)Liquidity and stock returns: An alternative test (1998)Theory of the firm: Managerial behavior, agency costs and ownership structure (1976)The Determination of Financial Structure: The Incentive-Signalling Approach (1977)The Capital Structure Puzzle (1984)The Determinants of Capital Structure Choice (1988)Event Studies in Economics and Finance (1997)Separation of Ownership and Control (1983)The Commitment-Trust Theory of Relationship Marketing (1994)Noise Trader Risk in Financial Markets (1990)Commonality in liquidity (2000)Is Information Risk a Determinant of Asset Returns? (2002)Does Algorithmic Trading Improve Liquidity? (2011)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)
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References

  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1976Markets and Hierarchies: Analysis and Antitrust Implications.13,381 cited
  • 1985Continuous Auctions and Insider Trading9,626 cited
  • 1984Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have6,535 cited
  • 1985Bid, ask and transaction prices in a specialist market with heterogeneously informed traders6,132 cited
  • 1991Inferring Trade Direction from Intraday Data3,150 cited
  • 1995Diversification's effect on firm value3,069 cited
  • 1991Measuring the Information Content of Stock Trades1,868 cited
  • 1997Internal Capital Markets and the Competition for Corporate Resources1,779 cited
  • 1996Market microstructure and asset pricing: On the compensation for illiquidity in stock returns1,555 cited
  • 1997Agency Problems, Equity Ownership, and Corporate Diversification1,305 cited
  • 1995Market microstructure theory1,305 cited
  • 1997The Components of the Bid-Ask Spread: A General Approach1,145 cited
  • 1997Cash Flow and Investment: Evidence from Internal Capital Markets1,143 cited
  • 1995Corporate focus and stock returns

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1,078 cited
  • 1998Are Internal capital Markets Efficient?1,050 cited
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