Oil and gas reserve value disclosures and bid-ask spreads

A Heteroskedasticity-Consistent Covariance Matrix Estimator and a Direct Test for Heteroskedasticity

1980 • 25,774 citations

Bid, ask and transaction prices in a specialist market with heterogeneously informed traders

1985 • 6,148 citations

Asset pricing and the bid-ask spread

1986 • 5,250 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 3,218 citations

A Simple Implicit Measure of the Effective Bid‐Ask Spread in an Efficient Market

1984 • 2,564 citations

Price, trade size, and information in securities markets

1987 • 2,249 citations

The Cost of Transacting

1968 • 1,909 citations

Information Effects on the Bid‐Ask Spread

1983 • 1,852 citations

Market microstructure theory

1995 • 1,457 citations

Optimal dealer pricing under transactions and return uncertainty

1981 • 1,424 citations

THE SUPPLY OF DEALER SERVICES IN SECURITIES MARKETS

1978 • 1,374 citations

Disclosure Policy, Information Asymmetry, and Liquidity in Equity Markets*

1995 • 1,214 citations

Optimal Release of Information By Firms

1985 • 1,079 citations

Spreads, Depths, and the Impact of Earnings Information: An Intraday Analysis

1993 • 1,050 citations

Dealership market

1980 • 998 citations

Inferring the Components of the Bid‐Ask Spread: Theory and Empirical Tests

1989 • 951 citations

The Only Game in Town

1971 • 899 citations

Disclosure, Liquidity, and the Cost of Capital

1991 • 831 citations

FAIR VALUE ACCOUNTING: EVIDENCE FROM INVESTMENT SECURITIES AND THE MARKET VALUATION OF BANKS

1994 • 680 citations

THE PRICING OF SECURITY DEALER SERVICES: AN EMPIRICAL STUDY OF NASDAQ STOCKS

1978 • 648 citations

A Simple Implicit Measure of the Effective Bid-Ask Spread in an Efficient Market

1984 • 615 citations

Determinants of bid-asked spreads in the over-the-counter market

1974 • 590 citations

An introduction to corporate accounting standards

1940 • 569 citations

The Economics of Liquidity Services

1972 • 440 citations

Fair value disclosures by bank holding companies

1996 • 415 citations

Information Disclosure Strategy

1992 • 401 citations

Fair value accounting: Effects on banks' earnings volatility, regulatory capital, and value of contractual cash flows

1995 • 398 citations

Value-Relevance of Banks' Fair Value Disclosures Under SFAS No. 107

1998 • 385 citations

Information Effects on the Bid-Ask Spread

1983 • 381 citations

Public disclosure, private information collection, and short-term trading

1994 • 277 citations

Evolution in Value Relevance of Accounting Information

2022 • 259 citations

Information Asymmetry and the Dealer's Bid‐Ask Spread: A Case Study of Earnings and Dividend Announcements

1986 • 237 citations

Aggregation of test statistics

1990 • 234 citations

Price reversals

1990 • 220 citations

Inferring the Components of the Bid-Ask Spread: Theory and Empirical Tests

1989 • 204 citations

Toward a Theory of Equitable and Efficient Accounting Policy

2016 • 195 citations

Mark-to-Market Accounting for Banks and Thrifts: Lessons from the Danish Experience

1995 • 193 citations

Trading Mechanisms and the Components of the Bid‐Ask Spread

1994 • 179 citations

Optimal Release of Information By Firms

1985 • 166 citations

Fair Values of Equity and Debt Securities and Share Prices of Property-Liability Insurers

1995 • 152 citations

The incremental information content of replacement cost earnings

1982 • 148 citations

The impact of SEC's segment disclosure requirement on bid-ask spreads

1994 • 124 citations

Capital Market Analysis of Reserve Recognition Accounting

1986 • 76 citations

Market Association Tests and FASB Statement No. 33 Disclosures: A Reexamination

1985 • 73 citations

Trading Mechanisms and the Components of the Bid-Ask Spread

1994 • 52 citations

Market perceptions of reserve disclosures under SFAS No. 69

1992 • 44 citations

Information Asymmetry and the Dealer's Bid-Ask Spread: A Case Study of Earnings and Dividend Announcements

1986 • 44 citations

How Well Do Statement No. 33 Earnings Explain Stock Returns?

1985 • 41 citations

The effect of supplemental reserve-based accounting data on the market microstructure

1993 • 34 citations

Market Reaction to Reserve Recognition Accounting

1983 • 34 citations

Illustrations of Disclosures About Fair Value of Financial Instruments: A Survey of the Application of Fasb Statement No. 107

1994 • 23 citations

Deleted Work

1955 • 0 citations